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Curves

Line graphs that graphically represents financial or performance data regarding assets over a designated time period, which are derived from statistics. 

A means of expressing a deterioration model.


Types of Line Curves:

Probability Distribution Curves: Evolution Curves
Degradation and Depreciation Curves:
fixed interval events mapped onto the P-F curve to illustrate the relationship between time and resistance to failure
Fig. The P-F curve.

Comparison of symmetrical and skewed probability distributions.
Fig. Comparison of symmetrical and skewed probability distributions.

Generic right-modal curve (negative skewness)
Fig. Generic right-modal curve (negative skewness).

Curve Shapes:


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