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Optimal Periodic Inspection of a Stochastically Degrading System
Timothy B. Booher
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Optimal Periodic Inspection of a Stochastically Degrading System

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This thesis develops and analyzes a procedure to determine the optimal inspection interval that maximizes the limiting average availability of a stochastically degrading component operating in a randomly evolving environment. The component is inspected periodically, and if the total observed cumulative degradation exceeds a fixed threshold value, the component is instantly replaced with a new, statistically identical component. Degradation is due to a combination of continuous wear caused by the component's random operating environment, as well as damage due to randomly occurring shocks of ran...