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...

This paper presents basic decision theory rationale for selecting a particular failure probability value from its uncertainty distribution to compare to a defined acceptability criterion. Since the success probability, or reliability, is one minus the failure probability, the rationale also applies to selecting a particular reliability value to compare to a reliability criterion. The uncertaint...