An Importance Measure to Assess the Value of a Component Inspection Policy

Published: Nov 1, 2018
Abstract
Importance measures have been used extensively to support risk-informed decision making. The purpose of such metrics is to help achieve safe and efficient design, maintenance and operation of assets in industrial sectors. In parallel, Value of Information (VoI), a concept at the junction of the fields of decision theory and Bayesian theory, has been used to define cost-efficient inspection policies, in particular in Structural Health Monitoring...
Paper Details
Title
An Importance Measure to Assess the Value of a Component Inspection Policy
Published Date
Nov 1, 2018
Journal
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