Abstract
The maximum likelihood estimate is a method for fitting failure models to lifetime data. In the literature, a commonly used practice is to find a combination of model parameter values where the partial derivatives of the log-likelihood are zero. We show that greater log-likelihood values can be found by using the Nelder-Mead optimization algorithm with adaptive parameters. We demonstrate that the improved fitting has a significant impact on the decision-making on a selective maintenance optimization problem, defined using the failure model by Sarhan and Apaloo (Reliab Eng & Syst Saf, 2013, 112, 137-144).
Original language | English |
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Title of host publication | Computer Aided Chemical Engineering |
Editors | Metin Türkay, Rafiqul Gani |
Publisher | Elsevier |
Pages | 605-610 |
Number of pages | 6 |
ISBN (Electronic) | 978-0-323-88513-3 |
ISBN (Print) | 978-0-323-88506-5 |
DOIs | |
Publication status | Published - 25 Jun 2021 |
MoE publication type | A4 Conference publication |
Event | European Symposium on Computer Aided Process Engineering - Virtual, Online Duration: 6 Jun 2021 → 9 Jun 2021 Conference number: 31 |
Publication series
Name | Computer Aided Chemical Engineering |
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Volume | 50 |
ISSN (Print) | 1570-7946 |
Conference
Conference | European Symposium on Computer Aided Process Engineering |
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Abbreviated title | ESCAPE |
City | Virtual, Online |
Period | 06/06/2021 → 09/06/2021 |
Keywords
- decision-making
- model fitting
- optimization
- reliability