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This book introduces data-driven remaining useful life prognosis techniques, and shows how to utilize the condition monitoring data to predict the remaining useful life of stochastic degrading systems and to schedule maintenance and logistics plans. It is also the first book that describes the basic data-driven remaining useful life prognosis theory systematically and in detail. The emphasis of the book is on the stochastic models, methods and applications employed in remaining useful life prognosis. It includes a wealth of degradation monitoring experiment data, practical prognosis methods for remaining useful life in various cases, and a series of applications incorporated into prognostic information in decision-making, such as maintenance-related decisions and ordering spare parts. It also highlights the latest advances in data-driven remaining useful life prognosis techniques, especially in the contexts of adaptive prognosis for linear stochastic degrading systems, nonlinear degradation modeling based prognosis, residual storage life prognosis, and prognostic information-based decision-making.

Engineering. --- Operations research. --- Decision making. --- Probabilities. --- Statistics. --- Quality control. --- Reliability. --- Industrial safety. --- Quality Control, Reliability, Safety and Risk. --- Probability Theory and Stochastic Processes. --- Operation Research/Decision Theory. --- Statistics for Engineering, Physics, Computer Science, Chemistry and Earth Sciences. --- Economic life of fixed assets. --- Service life (Engineering) --- Mathematical models. --- Life, Service (Engineering) --- Operating life (Engineering) --- Economic life (of economic goods) --- Fixed assets, Economic life of --- Life, Economic --- Useful life of fixed assets --- Reliability (Engineering) --- Economic life of fixed assets --- Maintenance --- Accounting --- Depreciation --- System safety. --- Distribution (Probability theory. --- Operations Research/Decision Theory. --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Statistical analysis --- Statistical data --- Statistical methods --- Statistical science --- Mathematics --- Econometrics --- Distribution functions --- Frequency distribution --- Characteristic functions --- Probabilities --- Safety, System --- Safety of systems --- Systems safety --- Accidents --- Industrial safety --- Systems engineering --- Prevention --- Statistics . --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Probability --- Statistical inference --- Combinations --- Chance --- Least squares --- Mathematical statistics --- Risk --- Industrial accidents --- Industries --- Job safety --- Occupational hazards, Prevention of --- Occupational health and safety --- Occupational safety and health --- Prevention of industrial accidents --- Prevention of occupational hazards --- Safety, Industrial --- Safety engineering --- Safety measures --- Safety of workers --- System safety --- Dependability --- Trustworthiness --- Conduct of life --- Factory management --- Sampling (Statistics) --- Standardization --- Quality assurance --- Quality of products --- Decision making