Home        About       News       Library       Contact
1



Positive Aging
The longer the asset has been in service, the more likely it is to fail. In other words, the hazard function increases for larger values of t. This makes intuitive sense, because the longer stuff is used, the more it wears down. Thus, something that has been in use for a long time will be approaching its breaking point.

See also:


(c) Copyright Asset Insights, 2000-2013, All Rights Reserved - "Insight, foresight and oversight of assets" Google