Modelling operational conditions to predict life expectancy and faults of vehicle components in a fleet

A method for extending usage of components of a transport vehicle in a transportation system, the method comprising:

• extracting features for components of a plurality of components of transport vehicles in the transportation system, the features comprising operating conditions of the components;
• selecting a first component from the plurality of components for prediction of remaining useful life of the first component;
• determining the remaining useful life of the first component, wherein the remaining useful life is determined by applying the features to a survival analysis model;
• and
• performing a prescriptive action to extend the remaining useful life of the first component,
• wherein the prescriptive action includes at least a selected route to be travelled by the transport vehicle.

A processing node for extending usage of components of a transport vehicle in a transportation system, the processing node being configured to perform operations comprising:

• extracting features for components of a plurality of components of transport vehicles in the transportation system, the features comprising the operating conditions of the components;
• selecting a first component from the plurality of components for prediction of remaining useful life of the first component;
• determining the remaining useful life of the first component, wherein the remaining useful life is determined by applying the features to a survival analysis model;
• and
• performing a prescriptive action to extend the remaining useful life of the first component,
• wherein the prescriptive action includes at least a selected route to be travelled by the transport vehicle.