Apart from regular wheel wear such as decreasing wheel diameters and reduced flange thicknesses and heights, wheel flats (WF) and oval wheels (or OOR, Out-Of-Roundness) are the most common wheelset problems for railway vehicles. Within the FP7 Research Project “Saferail”, APT has developed an innovative wheelset monitoring system so-called “Wheel flat and Out of Roundness Monitoring (WORM) syst...

In this paper, we focus on a continuously deteriorating critical equipment which its failure cannot be measured by cost criterion. For these types of systems like military systems, nuclear systems, etc it is extremely important to avoid failure during the actual operation of the system. In this paper we propose an approach which constrains failure probability to a pre-specified value. This valu...