A BAYESIAN FAILURE MODEL-BASED ON ISOTROPIC DETERIORATION

Citation
Jm. Vannoortwijk et al., A BAYESIAN FAILURE MODEL-BASED ON ISOTROPIC DETERIORATION, European journal of operational research, 82(2), 1995, pp. 270-282
Citations number
15
Categorie Soggetti
Management,"Operatione Research & Management Science
ISSN journal
03772217
Volume
82
Issue
2
Year of publication
1995
Pages
270 - 282
Database
ISI
SICI code
0377-2217(1995)82:2<270:ABFMOI>2.0.ZU;2-1
Abstract
In this paper, we focus on determining a new failure model for hydraul ic structures. The failure model is based on the only information whic h is commonly available: the amount of deterioration averaged over a f inite or an infinite time-horizon. By introducing a prior density for the average deterioration per unit time, we account for uncertainty in a decision problem. Advantages of our Bayesian approach are that we b ase our probabilistic models on a physical observable quantity, the de terioration, and that the probabilities of preventive repair and failu re can be expressed explicitly conditional on the average deterioratio n. One illustration from the field of hydraulic engineering is studied .