2009
DOI: 10.1109/maes.2009.4811085
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How engineers can conduct cost-benefit analysis for PHM systems

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Cited by 35 publications
(11 citation statements)
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“…Information on spare part replacement schedule reduces stockholding as parts are replaced as they are arrived. Business intelligence (BI) yields substantial simplification of the supply chain for inventory [10]. As a result, one can have a better estimation of system redundancy requirements.…”
Section: Reliability and Interoperabilitymentioning
confidence: 99%
“…Information on spare part replacement schedule reduces stockholding as parts are replaced as they are arrived. Business intelligence (BI) yields substantial simplification of the supply chain for inventory [10]. As a result, one can have a better estimation of system redundancy requirements.…”
Section: Reliability and Interoperabilitymentioning
confidence: 99%
“…Their methodology utilizes preexisting reliability and logistics source information from a Failure Modes & Effects Criticality Analysis (FMECA), line maintenance activities and legacy field event rates. IVHM will have the greatest benefit when it is applied to those areas that are historically the least reliable, have failure modes that can greatly impact mission success, have sub-systems that are the most difficult to diagnose or for which replacements parts cannot be obtained in a timely-manner [22].…”
Section: Cost Vs Benefitmentioning
confidence: 99%
“…The usual approach taken is to give a short discussion of the concept and then to describe specific IVHM solutions [9], [14], [27]. Despite their brevity, these introductory discussions typically contain a description of the benefits of IVHM, although a more detailed treatment of the potential drivers is given by authors who substantially focus on cost-benefit analysis [3], [26], [33]. For mission operations, adoption of IVHM can provide with adaptive control and improved survivability which enhances the probability of mission success [14].…”
Section: Drivers For Ivhmmentioning
confidence: 99%
“…Most authors [33], [1], [26] see the main barrier to the adoption of IVHM as the cost of hardware and software. Reichard et al [7] indicate that this cost includes not only the development of the sensors and data processing, but also the penalty costs associated with additional weight, power, computing and communication resources.…”
Section: Finding 5: Ivhm Technology Has Many Potential Drivers To MImentioning
confidence: 99%
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