Optimal block replacement based on expert judgement method
Somayyeh Shahraki Dehsoukhteh,
Mostafa Razmkhah and
Bruno Castanier
Journal of Risk and Reliability, 2024, vol. 238, issue 3, 591-603
Abstract:
Applying the theory of uncertainty is a good approach to study the reliability of a system when there is a little frequency of suitable data. Based on this theory, the policy of block replacement with minimal repair is considered assuming the system lifetime follows a power law process. The unknown parameters are estimated according to evidence theory that affects the epistemic uncertainty. The Dempster-Shafer as well as Yager rules are applied to aggregate the judgements and mental estimates of two or more experts. After determining the unknown parameters, a judgement interval is derived for the optimal replacement time using the long-run cost criterion.
Keywords: Dempster-shafer theory; long-run cost criterion; maintenance policy; uncertainty theory; Yager rule (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:sae:risrel:v:238:y:2024:i:3:p:591-603
DOI: 10.1177/1748006X231159703
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