Assessing Impacts of Vine-Copula Dependencies: Case Study of a Digital Platform for Overhead Cranes

Janusz Szpytko, Yorlandys Salgado Duarte

2021

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.

Paper Citation

in Harvard Style

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 - Volume 1: EI2N, ISBN 978-989-758-535-7, pages 187-196. DOI: 10.5220/0010709900003062

in Bibtex Style

@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 - Volume 1: EI2N,},
year={2021},
pages={187-196},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010709900003062},
isbn={978-989-758-535-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on Innovative Intelligent Industrial Production and Logistics - Volume 1: 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