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Many works on condition-based maintenance of repairable systems apply to either a single failure mode, or statistically independent failure modes. Different from these works, this paper considers the problem of predictive maintenance of repairable systems with dependent failure modes, and resource constraints. Assume that (i) a repairable system is subject to two statistically dependent failure modes...
Any organization that owns any large capital assets will eventually face a crucial decision - whether to repair or replace those assets, and when. This decision can have far-reaching consequences - replacing too early can mean a waste of resources, and replacing too late can mean catastrophic failure. The first is becoming more unacceptable in today's sustainability-oriented society, and the second...
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