Prediction of remaining life of power transformers based on left truncated and right censored lifetime data
Yili Hong, William Q. Meeker, James D. McCalley

TL;DR
This paper develops a statistical method to predict the remaining lifetime of high-voltage power transformers using left truncated and right censored data, accounting for evolving designs and long service periods.
Contribution
It introduces a novel statistical approach for lifetime prediction of transformers using age-adjusted distributions and handles complex data censoring issues.
Findings
Effective prediction intervals for individual transformer remaining life.
Accurate forecasts of cumulative failures over time for the transformer fleet.
Method accommodates evolving transformer designs and long service durations.
Abstract
Prediction of the remaining life of high-voltage power transformers is an important issue for energy companies because of the need for planning maintenance and capital expenditures. Lifetime data for such transformers are complicated because transformer lifetimes can extend over many decades and transformer designs and manufacturing practices have evolved. We were asked to develop statistically-based predictions for the lifetimes of an energy company's fleet of high-voltage transmission and distribution transformers. The company's data records begin in 1980, providing information on installation and failure dates of transformers. Although the dataset contains many units that were installed before 1980, there is no information about units that were installed and failed before 1980. Thus, the data are left truncated and right censored. We use a parametric lifetime model to describe the…
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