| L.I. Pettit. Analysis of Wiener process models of degradation data. Technical report, Goldsmiths College, University of London, U.K., 1994. |
....illustrate how to derive the likelihood function of the increments of deterioration. The standard way to model deterioration, according to the literature, is to describe it in terms of a Brownian motion with drift (see Karlin Taylor [9, Ch. 7] Hontelez, Burger Wijnmalen [8] and Pettit [15]) However, this model implies the existence of periods in which the condition of the structure actually improves and, moreover, it gives rise to computational difficulties when applied to decision problems. Therefore, Van Noortwijk, Cooke Misiewicz [14] have argued that a deterioration process ....
L.I. Pettit. Analysis of Wiener process models of degradation data. Technical report, Goldsmiths College, University of London, U.K., 1994.
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