Why PLP?
Car manufacturers want to assess the condition of their car fleets in the field to estimate the risk of failure of individual components. Precise knowledge of how the fleet evolves enables maintenance based on actual needs, thereby reducing the number of failures at reduced cost.
Forecasting failure rates into the future has further advantages. For example, future warranty costs can be estimated, and the stocking of spare parts can be better planned. The patented IAV method of probabilistic service life forecasting is aimed precisely at these issues.
This method enables the prediction of future failures by analysing the mileage of individual vehicles in combination with the failure statistics of the fleet. The core of the method is the use of probabilistic models that combine the advantages of machine learning and statistics. This allows all uncertainties in the data to be considered and visualized for the analysis.
