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In some applications, the failure rate of the system depends not only on the time, but also upon the status of the system, such as vibration level, efficiency, number of random shocks on the system, etc., which causes degradation. In this paper, we develop a generalized condition-based maintenance model subject to multiple competing failure processes including two degradation processes, and random shocks. An average long-run maintenance cost rate function is derived based on the expressions for the degradation paths & cumulative shock damage, which are measurable. A geometric sequence is employed to develop the inter-inspection sequence. Upon inspection, one needs to decide whether to perform a maintenance, such as preventive or corrective, or to do nothing. The preventive maintenance thresholds for degradation processes & inspection sequences are the decision variables of the proposed model. We also present an algorithm based on the Nelder-Mead downhill simplex method to calculate the optimum policy that minimizes the average long-run maintenance cost rate. Numerical examples are given to illustrate the results using the optimization algorithm.
Li et al. (2005) studied this question.