Virtual age, is it real? - Discussing virtual age in reliability context

Maxim Finkelstein, Ji Hwan Cha

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

Abstract

Several settings, where the notion of virtual age is employed, are discussed. We argue that the age reduction imperfect repair modeling is often not sufficiently justified in practice, as it is not possible to execute repair in most of real situations that conforms with this model. On the other hand, a shock-based virtual age model is suggested and justified via the probabilities of failures on shocks. The new notion of virtual age for degrading items is also introduced. We discuss how to recalculate virtual age after switching from one regime to another. Several examples illustrating different notions of virtual age are presented.

Original languageEnglish
Pages (from-to)3-16
Number of pages14
JournalApplied Stochastic Models in Business and Industry
Volume37
Issue number1
DOIs
StatePublished - 1 Jan 2021

Keywords

  • age reduction
  • degradation
  • imperfect repair
  • minimal repair
  • virtual age

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