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Life cycle cost analysis considering multiple dependent degradation processes and environmental influence

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  • Liu, Bin
  • Zhao, Xiujie
  • Liu, Guoquan
  • Liu, Yiqi

Abstract

This paper presents a life cycle cost model for systems subject to multiple dependent degradation processes and environmental influence. Different from most existing studies that assume an infinite time horizon for cost analysis, we evaluate the life cycle cost within a finite horizon. The system is subject to multiple degradation processes, among which the dependence is described via copula. In addition to the stochastic dependence of the degradation processes, the health condition of the system is influenced by the operating environment. The environmental influence on the system condition lies in two aspects: It accelerates or decelerates the degradation processes and meanwhile leads to a random failure threshold. System reliability considering multiple dependent degradation processes and environmental influence is assessed as the first step, followed by the life cycle cost analysis. A numerical example is presented to illustrate the proposed model.

Suggested Citation

  • Liu, Bin & Zhao, Xiujie & Liu, Guoquan & Liu, Yiqi, 2020. "Life cycle cost analysis considering multiple dependent degradation processes and environmental influence," Reliability Engineering and System Safety, Elsevier, vol. 197(C).
    • Handle: RePEc:eee:reensy:v:197:y:2020:i:c:s0951832019303692
    DOI: 10.1016/j.ress.2019.106784
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    7. Li, Yaohan & Dong, You & Guo, Hongyuan, 2023. "Copula-based multivariate renewal model for life-cycle analysis of civil infrastructure considering multiple dependent deterioration processes," Reliability Engineering and System Safety, Elsevier, vol. 231(C).
    8. Zhang, Wenyu & Zhang, Xiaohong & He, Shuguang & Zhao, Xing & He, Zhen, 2024. "Optimal condition-based maintenance policy for multi-component repairable systems with economic dependence in a finite-horizon," Reliability Engineering and System Safety, Elsevier, vol. 241(C).
    9. Zheng, Bokai & Chen, Cen & Lin, Yigang & Hu, Yifan & Ye, Xuerong & Zhai, Guofu & Zio, Enrico, 2022. "Optimal design of step-stress accelerated degradation test oriented by nonlinear and distributed degradation process," Reliability Engineering and System Safety, Elsevier, vol. 217(C).
    10. Kristjanpoller, Fredy & Cárdenas-Pantoja, Nicolás & Viveros, Pablo & Pascual, Rodrigo, 2023. "Wind farm life cycle cost modelling based on oversizing capacity under load sharing configuration," Reliability Engineering and System Safety, Elsevier, vol. 236(C).
    11. Qin, Jinlei & Coolen, Frank P.A., 2022. "Survival signature for reliability evaluation of a multi-state system with multi-state components," Reliability Engineering and System Safety, Elsevier, vol. 218(PA).
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    13. Xu, Jun & Liang, Zhenglin & Li, Yan-Fu & Wang, Kaibo, 2021. "Generalized condition-based maintenance optimization for multi-component systems considering stochastic dependency and imperfect maintenance," Reliability Engineering and System Safety, Elsevier, vol. 211(C).
    14. Liu, Bin & Pandey, Mahesh D. & Wang, Xiaolin & Zhao, Xiujie, 2021. "A finite-horizon condition-based maintenance policy for a two-unit system with dependent degradation processes," European Journal of Operational Research, Elsevier, vol. 295(2), pages 705-717.
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    16. Veloso, Guilherme A. & Loschi, Rosangela H., 2021. "Dynamic linear degradation model: Dealing with heterogeneity in degradation paths," Reliability Engineering and System Safety, Elsevier, vol. 210(C).

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