IDEAS home Printed from https://ideas.repec.org/a/eee/reensy/v154y2016icp73-83.html
   My bibliography  Save this article

System redundancy optimization with uncertain stress-based component reliability: Minimization of regret

Author

Listed:
  • Chatwattanasiri, Nida
  • Coit, David W.
  • Wattanapongsakorn, Naruemon

Abstract

System reliability design optimization models have been developed for systems exposed to changing and diverse stress and usage conditions. Uncertainty is addressed through defining a future operating environment where component stresses have shifted or changed for different future usage scenarios. Due to unplanned variations or changing environments and operating stresses, component and system reliability often cannot be predicted or estimated without uncertainty. Component reliability can vary due to a relative increase/decrease of stresses or operating conditions. The uncertain parameters of stresses have been incorporated directly into the new decision-making model. Risk analysis perspectives, including risk-neutral and risk-averse, are considered as system reliability objective functions. A regret function is defined, and minimization of the maximum regret provides an objective function based on random future usage stresses. This is an entirely new formulation of the redundancy allocation problem, but it is a relevant one for some problem domains. The redundancy allocation problem is solved to select the best design solution when there are multiple choices of components and system-level constraints. Nonlinear programming and a neighborhood search heuristic method are recommended to obtain the integer solutions for risk-based formulations.

Suggested Citation

  • Chatwattanasiri, Nida & Coit, David W. & Wattanapongsakorn, Naruemon, 2016. "System redundancy optimization with uncertain stress-based component reliability: Minimization of regret," Reliability Engineering and System Safety, Elsevier, vol. 154(C), pages 73-83.
    • Handle: RePEc:eee:reensy:v:154:y:2016:i:c:p:73-83
    DOI: 10.1016/j.ress.2016.05.011
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0951832016300552
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ress.2016.05.011?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Abouei Ardakan, Mostafa & Zeinal Hamadani, Ali, 2014. "Reliability optimization of series–parallel systems with mixed redundancy strategy in subsystems," Reliability Engineering and System Safety, Elsevier, vol. 130(C), pages 132-139.
    2. P. M. Ghare & R. E. Taylor, 1969. "Optimal Redundancy for Reliability in Series Systems," Operations Research, INFORMS, vol. 17(5), pages 838-847, October.
    3. Loomes, Graham & Sugden, Robert, 1982. "Regret Theory: An Alternative Theory of Rational Choice under Uncertainty," Economic Journal, Royal Economic Society, vol. 92(368), pages 805-824, December.
    4. David E. Bell, 1982. "Regret in Decision Making under Uncertainty," Operations Research, INFORMS, vol. 30(5), pages 961-981, October.
    5. Harry Markowitz, 1952. "Portfolio Selection," Journal of Finance, American Finance Association, vol. 7(1), pages 77-91, March.
    6. Jitka Dupačová & Giorgio Consigli & Stein Wallace, 2000. "Scenarios for Multistage Stochastic Programs," Annals of Operations Research, Springer, vol. 100(1), pages 25-53, December.
    7. Levitin, Gregory & Xing, Liudong & Dai, Yuanshun, 2014. "Cold vs. hot standby mission operation cost minimization for 1-out-of-N systems," European Journal of Operational Research, Elsevier, vol. 234(1), pages 155-162.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Huang, Xianzhen & Coolen, Frank P.A. & Coolen-Maturi, Tahani, 2019. "A heuristic survival signature based approach for reliability-redundancy allocation," Reliability Engineering and System Safety, Elsevier, vol. 185(C), pages 511-517.
    2. Behzad Karimi & Seyed Taghi Akhavan Niaki & Seyyed Masih Miriha & Mahsa Ghare Hasanluo & Shima Javanmard, 2019. "A weighted K-means clustering approach to solve the redundancy allocation problem of systems having components with different failures," Journal of Risk and Reliability, , vol. 233(6), pages 925-942, December.
    3. Zhang, Hanxiao & Li, Yan-Fu, 2022. "Robust optimization on redundancy allocation problems in multi-state and continuous-state series–parallel systems," Reliability Engineering and System Safety, Elsevier, vol. 218(PA).
    4. Ghorbani, Milad & Nourelfath, Mustapha & Gendreau, Michel, 2022. "A two-stage stochastic programming model for selective maintenance optimization," Reliability Engineering and System Safety, Elsevier, vol. 223(C).
    5. Ling, Chunyan & Yang, Lechang & Feng, Kaixuan & Kuo, Way, 2023. "Survival signature based robust redundancy allocation under imprecise probability," Reliability Engineering and System Safety, Elsevier, vol. 239(C).
    6. Wu, Xin-yang & Wu, Xiao-yue & Balakrishnan, Narayanaswamy, 2018. "Reliability allocation model and algorithm for phased mission systems with uncertain component parameters based on importance measure," Reliability Engineering and System Safety, Elsevier, vol. 180(C), pages 266-276.
    7. Fu, Yuqiang & Wang, Jun, 2022. "Optimum periodic maintenance policy of repairable multi-component system with component reallocation and system overhaul," Reliability Engineering and System Safety, Elsevier, vol. 219(C).
    8. Soheil Azizi & Milad Mohammadi, 2023. "Strategy selection for multi-objective redundancy allocation problem in a k-out-of-n system considering the mean time to failure," OPSEARCH, Springer;Operational Research Society of India, vol. 60(2), pages 1021-1044, June.
    9. Fiondella, Lance & Lin, Yi-Kuei & Pham, Hoang & Chang, Ping-Chen & Li, Chendong, 2017. "A confidence-based approach to reliability design considering correlated failures," Reliability Engineering and System Safety, Elsevier, vol. 165(C), pages 102-114.
    10. Bei, Xiaoqiang & Zhu, Xiaoyan & Coit, David W., 2019. "A risk-averse stochastic program for integrated system design and preventive maintenance planning," European Journal of Operational Research, Elsevier, vol. 276(2), pages 536-548.
    11. Ma, Weining & Zhang, Qin & Xiahou, Tangfan & Liu, Yu & Jia, Xisheng, 2023. "Integrated selective maintenance and task assignment optimization for multi-state systems executing multiple missions," Reliability Engineering and System Safety, Elsevier, vol. 237(C).
    12. Guilani, Pardis Pourkarim & Juybari, Mohammad N. & Ardakan, Mostafa Abouei & Kim, Heungseob, 2020. "Sequence optimization in reliability problems with a mixed strategy and heterogeneous backup scheme," Reliability Engineering and System Safety, Elsevier, vol. 193(C).
    13. Eslami Baladeh, Aliakbar & Taghipour, Sharareh, 2022. "Reliability optimization of dynamic k-out-of-n systems with competing failure modes," Reliability Engineering and System Safety, Elsevier, vol. 227(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Faro, José Heleno, 2015. "Variational Bewley preferences," Journal of Economic Theory, Elsevier, vol. 157(C), pages 699-729.
    2. Coit, David W. & Zio, Enrico, 2019. "The evolution of system reliability optimization," Reliability Engineering and System Safety, Elsevier, vol. 192(C).
    3. Charilaos Mertzanis, 2013. "Risk Management Challenges after the Financial Crisis," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 42(3), pages 285-320, November.
    4. repec:cup:judgdm:v:9:y:2014:i:5:p:373-386 is not listed on IDEAS
    5. Baule, Rainer & Korn, Olaf & Kuntz, Laura-Chloé, 2019. "Markowitz with regret," Journal of Economic Dynamics and Control, Elsevier, vol. 103(C), pages 1-24.
    6. Judith Avrahami & Yaakov Kareev & Einav Hart, 2014. "Taking the sting out of choice: Diversification of investments," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 9(5), pages 373-386, September.
    7. Courtois, Olivier Le & Xu, Xia, 2023. "Semivariance below the maximum: Assessing the performance of economic and financial prospects," Journal of Economic Behavior & Organization, Elsevier, vol. 209(C), pages 185-199.
    8. Georgia Perakis & Guillaume Roels, 2008. "Regret in the Newsvendor Model with Partial Information," Operations Research, INFORMS, vol. 56(1), pages 188-203, February.
    9. Jinyi Hu, 2023. "Linguistic Multiple-Attribute Decision Making Based on Regret Theory and Minimax-DEA," Mathematics, MDPI, vol. 11(20), pages 1-14, October.
    10. Martín Egozcue & Xu Guo & Wing-Keung Wong, 2015. "Optimal output for the regret-averse competitive firm under price uncertainty," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 5(2), pages 279-295, December.
    11. Jhunjhunwala, Tanushree, 2021. "Searching to avoid regret: An experimental evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 298-319.
    12. van Dijk, Wilco W. & van der Pligt, Joop, 1997. "The Impact of Probability and Magnitude of Outcome on Disappointment and Elation," Organizational Behavior and Human Decision Processes, Elsevier, vol. 69(3), pages 277-284, March.
    13. Enrico G. De Giorgi & Thierry Post, 2011. "Loss Aversion with a State-Dependent Reference Point," Management Science, INFORMS, vol. 57(6), pages 1094-1110, June.
    14. van Dijk, W.W. & Zeelenberg, M. & van der Pligt, J., 1999. "Not having what you want versus having what you don't want : The impact of the type of negative outcome on the experience of disappointment and related emotions," Other publications TiSEM 5d1661b1-db82-4773-8ac4-5, Tilburg University, School of Economics and Management.
    15. Olivier Chanel & Graciela Chichilnisky, 2009. "The influence of fear in decisions: Experimental evidence," Journal of Risk and Uncertainty, Springer, vol. 39(3), pages 271-298, December.
    16. Soora Rasouli & Harry Timmermans, 2017. "Specification of regret-based models of choice behaviour: formal analyses and experimental design based evidence," Transportation, Springer, vol. 44(6), pages 1555-1576, November.
    17. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2013. "Salience and Consumer Choice," Journal of Political Economy, University of Chicago Press, vol. 121(5), pages 803-843.
    18. Raquel M. Gaspar & Paulo M. Silva, 2023. "Investors’ perspective on portfolio insurance," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 22(1), pages 49-79, January.
    19. Yuval Rottenstreich & Alex Markle & Johannes Müller-Trede, 2023. "Risky Sure Things," Management Science, INFORMS, vol. 69(8), pages 4707-4720, August.
    20. Ulrich Schmidt & Stefan Traub, 2009. "An Experimental Investigation of the Disparity Between WTA and WTP for Lotteries," Theory and Decision, Springer, vol. 66(3), pages 229-262, March.
    21. Lei, Kaixuan & Chang, Jianxia & Long, Ruihao & Wang, Yimin & Zhang, Hongxue, 2022. "Cascade hydropower station risk operation under the condition of inflow uncertainty," Energy, Elsevier, vol. 244(PA).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:reensy:v:154:y:2016:i:c:p:73-83. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/reliability-engineering-and-system-safety .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.