2008 International Conference on Prognostics and Health Management 2008
DOI: 10.1109/phm.2008.4711436
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Metrics for evaluating performance of prognostic techniques

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Cited by 371 publications
(294 citation statements)
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“…• Performance metrics are used to identify ROI which is a very important aspect that defines whether to deploy the prognostics system or not [6].…”
Section: Validation and Verificationmentioning
confidence: 99%
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“…• Performance metrics are used to identify ROI which is a very important aspect that defines whether to deploy the prognostics system or not [6].…”
Section: Validation and Verificationmentioning
confidence: 99%
“…Need for prognostics standardization inspires researchers to develop a standard framework of prognostics and its performance metrics. Saxena et al [6] presented a very good and comprehensive summary about almost all measures that can be used for prognostics performance evaluation based on end user objectives. Saxena et al [7] introduced four new prognostics-specific performance metrics.…”
Section: Introductionmentioning
confidence: 99%
“…Generally, prognostics verification research has been focused on the definition of prognostics metrics [2][3][4]. These metrics focus on the assessment of the prognostics model with This work was supported by the EPSRC through grant number EP/M008320/1.…”
Section: Related Workmentioning
confidence: 99%
“…The main prognostics metrics are [2,3]: prediction horizon: time difference between prediction and ground truth; -accuracy: evaluates if the prediction falls within -bounds of accuracy at a specific time instant t ; relative accuracy: an error measure of the RUL prediction relative to the ground truth; and convergence: quantifies the rate at which any previous metric improves with time. See [2,3] for the complete definitions and examples. More recent literature has updated these metrics to include the effect of uncertainties [4].…”
Section: Related Workmentioning
confidence: 99%
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