2020-11-01
Conference Publishing
A/Prof Adriano Polpo
Authors: Paul Castle, Janet Ham, Melinda Hodkiewicz, Adriano Polpo
Publication
Research Publishing, Singapore
Research Publishing, Singapore. ISBN/DOI: 978-981-14-8593-0
Proceedings of the 30th European Safety and Reliability Conference and the 15th Probabilistic Safety Assessment and Management Conference Copyright ESREL2020-PSAM15 Organizers.
Quality Indicators
Not Peer Reviewed
Relevance to the Centre
Relevant to the research in Theme 2. Predictive maintenance is a powerful tool to prevent unplanned failures. Paper discusses the interpretation of a common modelling approach (proportional hazards) from Bayesian and frequentist perspectives illustrating the benefits of the Bayesian approach for asset managers seeking to incorporate uncertainty more explicitly in their decisions about individual assets.
