A non-transitory, computer-readable storage medium storing instructions that when executed by a computer cause the computer to perform a method for estimating a remaining useful life (RUL) of a power transformer, the method comprising:
- during a surveillance mode, iteratively performing the following operations:
- receiving a set of present time-series signals gathered from sensors in the power transformer,
- using an inferential model to generate estimated values for the set of present time-series signals,
- performing a pairwise differencing operation between actual values and the estimated values for the set of present time-series signals to produce residuals,
- performing a sequential probability ratio test (SPRT) on the residuals to produce SPRT alarms having associated tripping frequencies (TFs),
- using a logistic-regression model to compute an RUL-based risk index for the power transformer based on the TFs;
- and
- when the risk index exceeds a risk-index threshold, generating a notification indicating that the power transformer needs to be replaced;
- and
- periodically updating the logistic-regression model based on the results of periodic dissolved gas analyses (DGAs) for the transformer to more accurately compute the RUL-based index for the power transformer.