FORECASTING AVAILABILITY OF A STANDBY SYSTEM USING FUZZY TIME SERIES
Inthis paper, the fuzzy time series is applied to forecast the availability of a standby system incorporating waiting time to repair. In doingso, a fuzzy time series model is developed using historical data. Fuzzy time series is an effective tool to deal with problems when historical data are linguistic values. A complete procedure isproposed which includes: fuzzifying the historical data, developing a fuzzy time series model, and calculating and interpreting theoutputs. A numerical example is presented to illustrate the utility of the model.