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Optimization of an aperiodic sequential inspection and condition-based maintenance policy driven by value of information

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  • Fauriat, William
  • Zio, Enrico

Abstract

The issue of the optimal planning of inspection and maintenance actions for a randomly deteriorating system constitutes a difficult sequential decision-making problem in which the objective is generally to achieve minimal life-cycle cost. For mathematical tractability, most approaches rely either on the consideration of specific maintenance strategies, e.g. Periodic Inspection and Replacement (PIR), whose defining parameters are optimized, or on time-and-space-state discretization using Markov Decision Process (MDP) models and resolution through policy iteration. In both cases, optimality may be hard to guarantee. In this paper, the decision-theoretic concept of Value of Information (VoI) is used as a metric to guide resource prioritization in time, that is, to schedule inspections in a piecewise optimal manner.

Suggested Citation

  • Fauriat, William & Zio, Enrico, 2020. "Optimization of an aperiodic sequential inspection and condition-based maintenance policy driven by value of information," Reliability Engineering and System Safety, Elsevier, vol. 204(C).
    • Handle: RePEc:eee:reensy:v:204:y:2020:i:c:s0951832020306347
    DOI: 10.1016/j.ress.2020.107133
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    References listed on IDEAS

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