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Rational expectations as a tool for predicting failure of weighted k-out-of-n reliability systems

Author

Listed:
  • Jorgen-Vitting Andersen

    (Université Paris 1 Pantheon-Sorbonne Maison des Sciences Economiques)

  • Roy Cerqueti

    (Sapienza University of Rome
    GRANEM, Université d’Angers)

  • Jessica Riccioni

    (Roma Tre University)

Abstract

This paper develops a model for predicting the failure time of a wide class of weighted k-out-of-n reliability systems. To this aim, we adopt a rational expectation-type approach by artificially creating an information set based on the observation of a collection of systems of the same class–the catalog. Specifically, we state the connection between a synthetic statistical measure of the survived components’ weights and the failure time of the systems. In detail, we follow the evolution of the systems in the catalog from the starting point to their failure–obtained after the failure of some of their components. Then, we store the couples given by the measure of the survived components and the failure time. Finally, we employ such couples for having a prediction of the failure times of a set of new systems–the in-vivo systems–conditioned on the specific values of the considered statistical measure. We test different statistical measures for predicting the failure time of the in-vivo systems. As a result, we give insights on the statistical measure which is more effective in contributing to providing a reliable estimation of the systems’ failure time. A discussion on the initial distribution of the weights is also carried out.

Suggested Citation

  • Jorgen-Vitting Andersen & Roy Cerqueti & Jessica Riccioni, 2023. "Rational expectations as a tool for predicting failure of weighted k-out-of-n reliability systems," Annals of Operations Research, Springer, vol. 326(1), pages 295-316, July.
  • Handle: RePEc:spr:annopr:v:326:y:2023:i:1:d:10.1007_s10479-023-05300-x
    DOI: 10.1007/s10479-023-05300-x
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