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Hindawi Publishing Corporation
Mathematical Problems in Engineering
Article ID 793161
Review Article
Prognostics and Health Management: A Review on
Data Driven Approaches
Kwok L. Tsui,1 Nan Chen,2 Qiang Zhou,1 Yizhen Hai,1 and Wenbin Wang3,4
1 Department of System Engineering and Engineering Management, City University of Hong Kong, Hong Kong
2 Department of Industrial Systems Engineering, National University of Singapore, Singapore 117576
3 Donlinks School of Economics and Management, University of Science and Technology Beijing, Beijing 100083, China
4 Faculty of Business and Law, Manchester Metropolitan University, Manchester M15 6BH, UK
Correspondence should be addressed to Wenbin Wang; wangwb56@126.com
Received 1 July 2014; Revised 25 October 2014; Accepted 31 October 2014
Academic Editor: Shaomin Wu
Copyright © Kwok L. Tsui et al. his is an open access article distributed under the Creative Commons Attribution License, which
permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Prognostics and health management (PHM) is a framework that ofers comprehensive yet individualized solutions for managing
system health. In recent years, PHM has emerged as an essential approach for achieving competitive advantages in the global
market by improving reliability, maintainability, safety, and afordability. Concepts and components in PHM have been developed
separately in many areas such as mechanical engineering, electrical engineering, and statistical science, under varied names. In
this paper, we provide a concise review of mainstream methods in major aspects of the PHM framework, including the updated
research from both statistical science and engineering, with a focus on data-driven approaches. Real world examp
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