Home    A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

Event Probability Curve

A form of bell curve indicating the degree of probability of having to replace an asset at some point over its typical service life.  

  • The width of the curve indicates on the variability in life of the asset 
  • The peak of the curve indicates the critical year at which the probability of replacement is deemed to be highest. 

See also:

(c) Copyright Asset Insights, 2000-2013, All Rights Reserved.