... Domino effect Optimal replacement policy Stochastic dependence Two-unit systems In theory, components in a system are said to be stochastically dependent if the probability of failure cannot be expressed as the simple product of unconditional probabilities of the individual events which have...

... maintenance Optimal inspection interval Optimal replacement policy Variable failure cost Condition-based maintenance (CBM) is a maintenance strategy that recommends maintenance actions (such as minor repair, major repair, or replacement) based on the monitoring information collected through...