Multi-stage mixed system optimal redundancy allocation problem via random-fuzzy credibility measure

Multi-stage mixed system optimal redundancy allocation problem via random-fuzzy credibility measure

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Article ID: iaor201525913
Volume: 8
Issue: 234
Start Page Number: 156
End Page Number: 173
Publication Date: May 2014
Journal: International Journal of Reliability and Safety
Authors: , ,
Keywords: decision, gradient methods
Abstract:

In this paper, an Optimal Redundancy Allocation Problem (OPAP), modelled as a non‐linear integer‐programming problem is formulated and solved. Here, costs and resources are random fuzzy in nature. The OPAP is formulated as a decision‐making model optimising Possibilistic Value at Risk (pVaR) by incorporating the concept of Value at Risk (VaR) into possibility and necessity measure theory. The reduced deterministic constrained problem is solved using Generalised Reduced Gradient (GRG) method (LINGO‐14). Some particular models are presented. The models are illustrated with numerical examples and some sensitivity analysis is made on damageability.

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