Integrating economic considerations to develop a component replacement policy based on a cumulative wear-based indicator for a vehicular component

1. A method comprising the following steps:

for each of multiple lifetime wear indicator functions associated with a vehicular component, wherein each lifetime wear indicator function comprises a transformed time scale plotting wear indicator values over a period of time, determining a corresponding given threshold value on the transformed time scale;

calculating, for each of the multiple lifetime wear indicator functions:

a survival probability function for the vehicular component based on the transformed time scale of each of the multiple lifetime wear indicator functions;

an average runtime of the vehicular component prior to failure for each instance wherein the vehicular component failed prior to the corresponding given threshold value; and

an average runtime of the vehicular component prior to a scheduled replacement for each instance wherein the vehicular component reached the corresponding given threshold value;

calculating, for each of the multiple lifetime wear indicator functions, an economic criterion value for the corresponding given threshold value based on (i) the survival probability function, (ii) the average runtime of the vehicular component prior to failure, (iii) the average runtime of the vehicular component prior to a scheduled replacement, and (iv) one or more economic parameters;

comparing the multiple lifetime wear indicator functions for the vehicular component at the corresponding given threshold value to identify one of the multiple lifetime wear indicator functions that optimizes the economic criterion value; and

generating a replacement policy for the vehicular component, wherein said replacement policy comprises (i) the identified lifetime wear indicator function and (ii) the given threshold value corresponding to the identified lifetime wear indicator function;

wherein at least one of the steps is carried out by a computing device.

2. The method of claim 1 , comprising:

obtaining a set of input time series pertaining to the vehicular component, wherein each input time series comprises a collection of values calculated from the multiple lifetime wear indicator functions for the vehicular component.

3. The method of claim 2 , wherein said determining the given threshold value comprises implementing a grid search of the obtained set of input time series.

4. The method of claim 3 , wherein said determining the given threshold value comprises selecting the given threshold value from multiple threshold values derived from the grid search for the transformed time scale of each of the multiple lifetime wear indicator functions based on the economic criterion.

5. The method of claim 2 , wherein said determining the given threshold value comprises implementing a random search of the obtained set of input time series.

6. The method of claim 5 , wherein said determining the given threshold value comprises selecting the given threshold value from multiple threshold values derived from the random search for the transformed time scale of each of the multiple lifetime wear indicator functions based on the economic criterion.

7. The method of claim 1 , wherein the economic criterion comprises average maintenance cost per unit runtime.

8. The method of claim 1 , wherein the economic criterion comprises average maintenance cost per unit work.

9. The method of claim 1 , wherein the one or more economic parameters comprise scheduled component repair costs.

10. The method of claim 1 , wherein the one or more economic parameters comprise unscheduled component repair costs.

11. The method of claim 1 , wherein the one or more economic parameters comprise a variable cost per unit runtime.

12. A computer program product, the computer program product comprising a non-transitory computer readable storage medium having program instructions embodied therewith, the program instructions executable by a computing device to cause the computing device to:

determine, for each of multiple lifetime wear indicator functions associated with a vehicular component, wherein each lifetime wear indicator function comprises a transformed time scale plotting wear indicator values over a period of time, a corresponding given threshold value on the transformed time scale;

calculate, for each of the multiple lifetime wear indicator functions:

a survival probability function for the vehicular component based on the transformed time scale of each of the multiple lifetime wear indicator functions;

an average runtime of the vehicular component prior to failure for each instance wherein the vehicular component failed prior to the corresponding given threshold value; and

an average runtime of the vehicular component prior to a scheduled replacement for each instance wherein the vehicular component reached the corresponding given threshold value;

calculate, for each of the multiple lifetime wear indicator functions, an economic criterion value for the corresponding given threshold value based on (i) the survival probability function, (ii) the average runtime of the vehicular component prior to failure, (iii) the average runtime of the vehicular component prior to a scheduled replacement, and (iv) one or more economic parameters;

compare the multiple lifetime wear indicator functions for the vehicular component at the corresponding given threshold value to identify one of the multiple lifetime wear indicator functions that optimizes the economic criterion value; and

generate a replacement policy for the vehicular component, wherein said replacement policy comprises (i) the identified lifetime wear indicator function and (ii) the given threshold value corresponding to the identified lifetime wear indicator function.

13. A system comprising:

a memory; and

at least one processor coupled to the memory and configured for:

determining, for each of multiple lifetime wear indicator functions associated with a vehicular component, wherein each lifetime wear indicator function comprises a transformed time scale plotting wear indicator values over a period of time, a corresponding given threshold value on the transformed time scale;

calculating, for each of the multiple lifetime wear indicator functions:

a survival probability function for the vehicular component based on the transformed time scale of each of the multiple lifetime wear indicator functions;

an average runtime of the vehicular component prior to failure for each instance wherein the vehicular component failed prior to the corresponding given threshold value; and

an average runtime of the vehicular component prior to a scheduled replacement for each instance wherein the vehicular component reached the corresponding given threshold value;

calculating, for each of the multiple lifetime wear indicator functions, an economic criterion value for the corresponding given threshold value based on (i) the survival probability function, (ii) the average runtime of the vehicular component prior to failure, (iii) the average runtime of the vehicular component prior to a scheduled replacement, and (iv) one or more economic parameters;

comparing the multiple lifetime wear indicator functions for the vehicular component at the corresponding given threshold value to identify one of the multiple lifetime wear indicator functions that optimizes the economic criterion value; and

generating a replacement policy for the vehicular component, wherein said replacement policy comprises (i) the identified lifetime wear indicator function and (ii) the given threshold value corresponding to the identified lifetime wear indicator function.

14. A method comprising the following steps:

for each of multiple lifetime wear indicator functions associated with a vehicular component, wherein each lifetime wear indicator function comprises a transformed time scale plotting wear indicator values over a period of time, determining multiple corresponding candidate threshold values on the transformed time scale;

calculating, for each of the multiple lifetime wear indicator functions at each of the multiple corresponding candidate threshold values:

a survival probability function for the vehicular component based on the transformed time scale of each of the multiple lifetime wear indicator functions;

an average runtime of the vehicular component prior to failure for each instance wherein the vehicular component failed prior to the corresponding candidate threshold value; and

an average runtime of the vehicular component prior to a scheduled replacement for each instance wherein the vehicular component reached the corresponding candidate threshold value;

calculating, for each of the multiple lifetime wear indicator functions, an economic criterion value for each of the multiple corresponding candidate threshold values based on (i) the survival probability function, (ii) the average runtime of the vehicular component prior to failure, (iii) the average runtime of the vehicular component prior to a scheduled replacement, and (iv) one or more economic parameters;

comparing, for each of the multiple lifetime wear indicator functions for the vehicular component, the economic criterion value for each of the multiple candidate threshold values to identify one of the multiple candidate threshold values that optimizes the economic criterion value for the corresponding lifetime wear indicator function;

comparing the multiple lifetime wear indicator functions for the vehicular component at the candidate threshold value that optimizes the economic criterion value for the corresponding lifetime wear indicator function to identify one of the multiple lifetime wear indicator functions that optimizes the economic criterion value; and

generating a replacement policy for the vehicular component, wherein said replacement policy comprises (i) the identified lifetime wear indicator function and (ii) the threshold value that optimizes the economic criterion value for the corresponding lifetime wear indicator function;

wherein at least one of the steps is carried out by a computing device.

15. The method of claim 14 , comprising:

obtaining a set of input time series pertaining to the vehicular component, wherein each input time series comprises a collection of values calculated from the multiple lifetime wear indicator functions for the vehicular component.

16. The method of claim 14 , wherein the economic criterion comprises average maintenance cost per unit runtime.

17. The method of claim 14 , wherein the economic criterion comprises average maintenance cost per unit work.

18. The method of claim 14 , wherein the one or more economic parameters comprise scheduled component repair costs.

19. The method of claim 14 , wherein the one or more economic parameters comprise unscheduled component repair costs.

20. The method of claim 14 , wherein the one or more economic parameters comprise a variable cost per unit runtime.