A Condition-based Maintenance Policy in Chance Space

Abstract

A condition-based maintenance policy is considered for a deteriorating system including both of preventive and corrective maintenance actions. The gamma process is used to model stochastic degradation in the probability space. Although, the cost of preventive maintenance is considered as an uncertain variable due to incomplete information, and its distribution is estimated based on the opinions of some experts using the Delphi method. The optimal policy is determined by minimizing the expected cost rate function. Since in this function, there are both random variables discussing in a probability space, and an uncertain variable, which is considered in an uncertain space, we have to study the optimal policy in a chance space which is a combination of probability and uncertain spaces. The proposed methodology is explained in an illustrative example. Finally, the results are applied to a real data set.