Operations Research, Systems Engineering and Industrial Engineering Commons^™

A Study Of The Impact Of Prognostic Errors On System Performance, Mauricio Carrasco

Inquiry: The University of Arkansas Undergraduate Research Journal

Condition-based maintenance is growing in popularity as a means of improving equipment maintenance efficiency. Whether it be the maintenance of an airplane, a computer system, or any type of physical system, the prognostic tools associated with condition-based maintenance are subject to statistical error. These errors can lead to unnecessary preventive maintenance due to underestimation of system remaining life and unnecessary system failures due to overestimation of system remaining life. What is not clear is if these statistical errors outweigh the benefits of a condition-based maintenance policy. This study attempts to address this concern through the evaluation and comparison of three …