Robustness of maintenance decisions: Uncertainty modelling and value of information

A. Zitrou, T. Bedford, A. Daneshkhah

Research output: Chapter in Book/Report/Conference proceedingConference proceeding

3 Citations (Scopus)

Abstract

In this paper we show how sensitivity analysis for a maintenance optimisation problem can be undertaken by using the concept of Expected Value of Perfect Information (EVPI). This concept is important in a decision-theoretic context such as the maintenance problem, as it allows us to explore the effect of parameter uncertainty on the cost and the resulting recommendations. To reduce the computational effort required for the calculation of EVPIs, we have used Gaussian Process (GP) emulators to approximate the cost rate model. Results from the analysis allow us to identify the most important parameters in terms of the benefit of 'learning' by focussing on the partial Expected Value of Perfect Information for a parameter. Assuming that a parameter can become completely known before a maintenance decision is made, the analysis determines the optimal decision and the expected related cost, for the different values of the parameter. This type of analysis can be used to ensure that both maintenance calculations and resulting recommendations are sufficiently robust.

Original languageEnglish
Title of host publicationAdvances in Safety, Reliability and Risk Management - Proceedings of the European Safety and Reliability Conference, ESREL 2011
Pages940-948
Number of pages9
Publication statusPublished - 13 Feb 2012
Externally publishedYes
EventEuropean Safety and Reliability Conference: Advances in Safety, Reliability and Risk Management, ESREL 2011 - Troyes, France
Duration: 18 Sep 201122 Sep 2011

Conference

ConferenceEuropean Safety and Reliability Conference: Advances in Safety, Reliability and Risk Management, ESREL 2011
CountryFrance
CityTroyes
Period18/09/1122/09/11

ASJC Scopus subject areas

  • Safety, Risk, Reliability and Quality

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  • Cite this

    Zitrou, A., Bedford, T., & Daneshkhah, A. (2012). Robustness of maintenance decisions: Uncertainty modelling and value of information. In Advances in Safety, Reliability and Risk Management - Proceedings of the European Safety and Reliability Conference, ESREL 2011 (pp. 940-948)