Effective strategies for Prognostics and Health Management (PHM) are fundamental to advancing the operational integrity and economic sustainability of complex industrial assets. Overcoming the persistent hurdle of modeling the intricate temporal nonlinearities and stochastic behaviors inherent in degradation processes is central to this endeavor. This study introduces an optimized maintenance framework based on real-time condition monitoring for systems subject to stochastic wear, utilizing an innovative nonlinear Wiener process model with time-scale transformation. By framing the optimization objective as the minimization of the long-term average cost rate, we derive explicit expressions for the optimal inspection interval and the threshold for preventive maintenance. A likelihood ratio test demonstrates the superiority of the nonlinear model over linear alternatives. A case study on a Power Take-Off (PTO) unit validates the effectiveness of the proposed method, showing its ability to balance failure risk and maintenance cost efficiently. The proposed strategy provides a practical and scientifically grounded tool for managing systems with nonlinear degradation characteristics.
