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| Content Provider | The American Society of Mechanical Engineers (ASME) Digital Collection |
|---|---|
| Author | Nam, H. Kim Pattabhiraman, Sriram Lonnie, A. Houck |
| Copyright Year | 2010 |
| Abstract | Due to uncertainty in design, manufacturing and operating processes, the initial prediction of a machine’s useful life is often quite different from that of the actual machine. In this paper, we utilize the Bayesian technique to incorporate the field data with the initial predictions in order to improve the prediction. The field data is interpreted in terms of the probability of having defective hardware, and then the likelihood function is generated from the binomial distribution. Since the predictions incorporate field experience, as time progresses and more data becomes available the probabilistic predictions are continuously updated. This results in a continuous increase of confidence and accuracy of the prediction. The resulting distributions can then be used directly in risk analysis, maintenance scheduling, and financial forecasting by both manufacturers and operators of heavy-duty gas turbines. This presents a quantification of the real time risk for direct comparison with the volatility of the power market. |
| Sponsorship | International Gas Turbine Institute |
| Starting Page | 695 |
| Ending Page | 703 |
| Page Count | 9 |
| File Format | |
| ISBN | 9780791844014 |
| DOI | 10.1115/GT2010-23780 |
| e-ISBN | 9780791838723 |
| Volume Number | Volume 6: Structures and Dynamics, Parts A and B |
| Conference Proceedings | ASME Turbo Expo 2010: Power for Land, Sea, and Air |
| Language | English |
| Publisher Date | 2010-06-14 |
| Publisher Place | Glasgow, UK |
| Access Restriction | Subscribed |
| Subject Keyword | Fatigue life Uncertainty Volatility Service life (equipment) Probability Risk Maintenance Risk analysis Machinery Design Gas turbines Hardware Manufacturing |
| Content Type | Text |
| Resource Type | Article |
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