Prognostics & health management system is an integral component of any wind energy program to ensure high turbine availability and reliability. Traditional vibration-based condition monitoring practices have been proposed to be utilized with wind turbines as they have demonstrated varying...

One of the best known ideas in the study of bounded rationality is Simon's satisficing; yet we still lack a standard formalization of the heuristic and its implications. We propose a mathematical model of satisficing which explicitly represents agents' aspirations and which explores both...