Decay curves
Decay curves record the anticipated asset condition score over time
for a given asset class. Decay curves can be based on usage, period of time, or a
percentage.
Specify curve points for the decay curve on the Curve Points tab. These curve points associate a point in the life of the equipment with a condition score that will be assigned to the equipment when that point in life is reached.
Use the Markov Transition Matrix tab to record the probabilities to transition from one state to another and the weight assigned to each state. After the probability matrix is complete, click , which starts the process that creates new curve points automatically based on Markov chains.