Markov Deterioration Models is a stochastic process model used in asset management that characterizes the progression of asset degradation over time through a discrete-state, discrete-time Markov chain, where the future state of an asset depends only on its current state and not on its prior history, enabling probabilistic predictions of asset condition transitions under stationary deterioration dynamics.
134
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6.3K
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235
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2017–2026
22
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Publications
134
Quality Control under Markovian Deterioration
Sheldon M. Ross · Management Science · 1971 · 198 citations
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Authors
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- SS
6
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- BT
5
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- NL
5
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- RHRuey Huei Yeh
National Taiwan University of Science and Technology, Taiwan
4 publications · 273 citations
4
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- SM
4
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Institutions
153
Kyoto University
Kyoto, Japan
5 h-index
9 publications
317 citations
RMIT University
Melbourne, Australia
5 h-index
12 publications
501 citations
Purdue University West Lafayette
West Lafayette, United States
5 h-index
11 publications
1.3K citations
University of Pittsburgh
Pittsburgh, United States
4 h-index
6 publications
194 citations
National Research Council Canada
Ottawa, Canada
3 h-index
7 publications
554 citations
Columbia University
New York, United States
3 h-index
3 publications
227 citations
Norwegian University of Science and Technology
Trondheim, Norway
3 h-index
3 publications
108 citations
Northwestern University
Evanston, United States
3 h-index
5 publications
176 citations
1–8 of 153
Venues
- Structure and Infrastructure Engineering
7 publications · 201 citations
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- European Journal of Operational Research
7 publications · 285 citations
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- Journal of Applied Probability
JAP · 7 publications · 227 citations
7
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- IIE Transactions
6 publications · 390 citations
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- Management Science
6 publications · 501 citations
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