International Conference on Applications of Statistics and Probability in Civil Engineering (ICASP) (12th : 2015)

Risk-based decision making for deterioration processes using POMDP Nielsen, Jannie S.; Sørensen, John Dalsgaard


This paper proposes a method for risk-based decision making for maintenance of deteriorating components, based on the partially observable Markov decision process (POMDP). Unlike most methods, the decision polices do not need to be stationary and can vary according to seasons and near the end of the lifetime. The approach is demonstrated through two examples, and the total expected costs are similar to those of another efficient method.

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