Comparing Probabilistic Methods for the Asset Management of Distributed Items
Publication: Journal of Infrastructure Systems
Volume 11, Issue 2
Abstract
Markov models have met with widespread success when used to determine asset management strategies for infrastructure systems such as pavements, bridges, and electricity and water networks. However other probabilistic models could be chosen. This paper compares the performance of the Markov model with two of these, the semi-Markov model and the delay time model. Both these models let the transition probabilities between states depend on the time already spent in the state. This is an attractive feature as many degradation situations have it. The three models are compared on two data sets derived from measurements carried out on 11 kV transformers and switchgear. As full condition histories are required to know how the predicted costs of a proposed asset management policy compare with the actual costs that would be obtained in practice, a method for simulating these condition histories was developed. All the models performed well, but the semi-Markov model was generally significantly better. Particularly noteworthy was the fact that this was true even when there were a limited number of observations.
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Acknowledgments
This work was carried out in collaboration with the EA Technology Strategic Technology Programme (STP). The writers would like to thank EA Technology and the companies participating in module 4 of the STP for permission to publish this work. M.B. was supported by EPSRC Grant No. GR/N11575. This paper has been considerably improved by the comments received from the referees.
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© 2005 ASCE.
History
Received: Aug 5, 2003
Accepted: Jul 12, 2004
Published online: Jun 1, 2005
Published in print: Jun 2005
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