Recording details for the Markov transition matrix

Record the probabilities to transition from one state to another and the weight assigned to each state to determine the health of the equipment. After the probability matrix is complete, click Generate Curve Points, which starts the process that creates new curve points automatically based on Markov chains.

To select the probabilities of transitioning to different states you must first select the Markov Chains check box on the Decay Curves screen and specify the Number of States.

  1. Select Equipment > Equipment Rankings > Decay Curves.
  2. Select the decay curve for which to define details for the Markov transition matrix, and then click the Markov Transition Matrix tab.
  3. Specify the probabilities of transitioning from each state to another state as a number ranging from 0 to 1.
Parent topic: Defining details for decay curves