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Authors: Janusz Szpytko and Yorlandys Salgado Duarte

Affiliation: AGH University of Science and Technology, Krakow, Poland

Keyword(s): Vine Copula, Risk Assessment, Cranes.

Abstract: Usually, components in a system degrade simultaneously and, for processes such as maintenance, predictions of common failures due to degradation are needed to achieve accurate assessments for decision making. Vine copula approach used in this paper is one way of approaching dependency modelling, offering in addition, thanks to its features, flexibility when lack of data is an issue. Knowing that a multivariate vine copula approach does not have a regular structure, in this paper, we propose an algorithm to simulate correlated random numbers of a multivariate vine copula combining bivariate copulas, and the subject of study is the evaluation of the impact of the vine copula dependency structure in a risk-oriented Monte Carlo simulation model implemented in an online digital platform to support the maintenance strategies of a set of overhead cranes.

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Paper citation in several formats:
Szpytko, J. and Salgado Duarte, Y. (2021). Assessing Impacts of Vine-Copula Dependencies: Case Study of a Digital Platform for Overhead Cranes. In Proceedings of the 2nd International Conference on Innovative Intelligent Industrial Production and Logistics - EI2N; ISBN 978-989-758-535-7, SciTePress, pages 187-196. DOI: 10.5220/0010709900003062

@conference{ei2n21,
author={Janusz Szpytko. and Yorlandys {Salgado Duarte}.},
title={Assessing Impacts of Vine-Copula Dependencies: Case Study of a Digital Platform for Overhead Cranes},
booktitle={Proceedings of the 2nd International Conference on Innovative Intelligent Industrial Production and Logistics - EI2N},
year={2021},
pages={187-196},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010709900003062},
isbn={978-989-758-535-7},
}

TY - CONF

JO - Proceedings of the 2nd International Conference on Innovative Intelligent Industrial Production and Logistics - EI2N
TI - Assessing Impacts of Vine-Copula Dependencies: Case Study of a Digital Platform for Overhead Cranes
SN - 978-989-758-535-7
AU - Szpytko, J.
AU - Salgado Duarte, Y.
PY - 2021
SP - 187
EP - 196
DO - 10.5220/0010709900003062
PB - SciTePress

- Science and Technology Publications, Lda.
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