1. What are the contributions in "University of groningen discretizing continuous-time continuous-state deterioration processes, with an application to condition-based maintenance optimization de jonge, bram" ?
The authors present an approach for discretizing stationary continuous-time continuous-state non-decreasing deterioration processes.. The authors consider the gamma deterioration process as a special case and use the discretization approach combined with matrix algebra to optimize condition-based maintenance for a continuously monitored single-unit system.
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2. What future works have the authors mentioned in the paper "University of groningen discretizing continuous-time continuous-state deterioration processes, with an application to condition-based maintenance optimization de jonge, bram" ?
The use of matrix algebra to optimize maintenance policies also encourages future research.. The simple setting that the authors have considered could be extended with, e. g., a lead time between planning and initiating maintenance, imprecise condition monitoring, or randomness in the deterioration level at which failure occurs.. Future research could consider non-stationary processes, processes that could also decrease, non-Markovian processes, or processes consisting of multiple condition parameters.
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