2014
DOI: 10.14257/ijca.2014.7.3.30
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Condition based Maintenance Optimization for the Hydro Generating Unit with Dynamic Economic Dependence

Abstract: This paper considers a condition-based maintenance (i.e. CBM)

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Cited by 9 publications
(4 citation statements)
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References 23 publications
(23 reference statements)
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“…Furthermore, although the set-up cost is generally assumed to be time-independent, this is not necessarily the case in practice. Qian and Wu (2014) explain for example that set-up costs for maintenance on a hydro-generating unit in a deregulated power system can be time-dependent due to fluctuations in the monthly electricity price. For that reason, they introduce a (single) time-dependent set-up cost.…”
Section: Positive Economic Dependencementioning
confidence: 99%
“…Furthermore, although the set-up cost is generally assumed to be time-independent, this is not necessarily the case in practice. Qian and Wu (2014) explain for example that set-up costs for maintenance on a hydro-generating unit in a deregulated power system can be time-dependent due to fluctuations in the monthly electricity price. For that reason, they introduce a (single) time-dependent set-up cost.…”
Section: Positive Economic Dependencementioning
confidence: 99%
“…For example in the well-known work of Banjevic et al (2001), the authors have assumed that the covariate measurements, which are observable at certain discrete points over time reflect the level of degradation directly. Many extensions of this work and this assumption have been published including the recent work of Wu and Ryan (2014) and Qian and Wu (2014). Our work is different from this group of literature, as we consider a more realistic case under which condition monitoring data provide only partial information with regards to the degradation process and are only stochastically related to the underlying system state.…”
Section: Operating Timementioning
confidence: 99%
“…Qian and Wu, 49 and Yildirim et al 50,51 ü ü ü Dahal et al 52 and Ji et al 53 ü 49 consider constant inspection intervals and optimize maintenance by creating a dynamic risk threshold which is defined as the product of timedependent down-time cost and a scale factor. Development of condition-based maintenance policies for multicomponent systems and determination of optimal risk threshold are considered as future studies.…”
Section: Maintenance and Riskmentioning
confidence: 99%