Degradation-based modeling methods have been recognized as an essential and effective
approach for lifetime and remaining useful life (RUL) estimations for various health …

Nowadays, manufacturers often sell different products (models of a product) through both
online and offline channels. To face challenges such as legislation or competition …

This article proposes two types of degradation models that are suitable for describing
multivariate degrading systems subject to time‐variant covariates and imperfect …

Nowadays many products, such as 3C products (Computer, Communication and Consumer
Electronics) and cars, consist of software and hardware. The causes of warranty claims of …

Renewable and conventional generators in distributed generation system (DGS) are
affected by aging and degradation progressively decreases their efficiency and nameplate …

In the real world, a manufacturer may produce many products, which may have common
components installed. Consequently, the frequencies of the warranty claims of those …

Rapid integration of distributed energy resources (DERs) in active distribution networks
(ADNs) necessitates advanced planning methods to optimally determine the size, site, and …

In recent years, the system maintenance service has been transitioning from the resource-
based contract (RBC) approach towards a new outcome-based contract (OBC) approach …

Given a general cost-reward structure, this paper proposes an integrated maintenance
scheduling model for deteriorating multi-state production systems. The paper develops …

In this paper, we apply the Laplace transform to risk preference theory (decision theory,
decision analysis). We show that with a constant measure of absolute risk aversion, the …