Abstract

Accurately estimating the value of an equipment is a significant challenge in the industrial environment. Conventional methods mainly considered discounting the value over time, but they are limited in that they do not consider the status of individual equipment. Recent developments in Industrial Internet of Things (IIoT) and AI technologies have opened up the possibility of real-time remote monitoring on the status of machinery, thus providing an opportunity to more accurately estimate the value of machine equipments. In this study, we designed a sensor that can acquire the vibration and magnetic field data of an equipment, with which we proposed a one-dimensional convolutional neural network that can classify the status of machinery based on the data obtained by the designed sensor. In addition, based on the results of the classification model, the cumulative fatigue of equipment was predicted using the Pålmgren-Miner’s linear damage rule, with which we proposed a model for estimating the value of movable property based on the cumulative fatigue.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.