2021
DOI: 10.1088/1742-6596/1828/1/012005
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Performance Metrics for Artificial Intelligence (AI) Algorithms Adopted in Prognostics and Health Management (PHM) of Mechanical Systems

Abstract: Research into the use of artificial intelligence (AI) algorithms within the field of prognostics and health management (PHM), in particular for predicting the remaining useful life (RUL) of mechanical systems that are subject to condition monitoring, has gained widespread attention in recent years. It is important to establish confidence levels for RUL predictions, so as to aid operators as well as regulators in making informed decisions regarding maintenance and asset life-cycle planning. Over the past decade… Show more

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Cited by 7 publications
(5 citation statements)
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“…The relative prediction performance of the proposed algorithms compared to other variants of deep learning methods can be compared quantitatively using three accuracy metrics or indexes including the mean average error/mean absolute percentage error (MAE/MAPE), mean squared error (MSE), and root mean squared error (RMSE), as given in Equations ( 17)- (19). The MAPE and RMSE are preferred metrics due to their ability to punish large errors with square roots [31].…”
Section: Data Preprocessing and Evaluation Metricsmentioning
confidence: 99%
“…The relative prediction performance of the proposed algorithms compared to other variants of deep learning methods can be compared quantitatively using three accuracy metrics or indexes including the mean average error/mean absolute percentage error (MAE/MAPE), mean squared error (MSE), and root mean squared error (RMSE), as given in Equations ( 17)- (19). The MAPE and RMSE are preferred metrics due to their ability to punish large errors with square roots [31].…”
Section: Data Preprocessing and Evaluation Metricsmentioning
confidence: 99%
“…Some of the metrics that exist are regression metrics, classification accuracy, confusion matrix of ground-truth labels versus model predictions, precision, recall, F1-score, etc. [41] [42] [43].…”
Section: Performancementioning
confidence: 99%
“…The prevalent issue of class imbalance, often due to limited medical data [14], can introduce statistical biases leading to result misinterpretations [10]. This imbalance allows larger classes to disproportionately influence model predictions [15], affecting model performance as highlighted in various studies [16,17]. Therefore, choosing appropriate metrics is crucial to accurately reflect model performance, especially in AIdriven models [17].…”
Section: Introductionmentioning
confidence: 99%
“…Studies such as that of [16] underscore the importance of metrics as confidence indicators in algorithms and methodologies. However, ref.…”
Section: Introductionmentioning
confidence: 99%
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