Create a Deterioration Model

Create a deterioration model to predict failure for your assets.

Make sure you have already set up an asset group set to use in the model. If you plan to use a failure definition, make sure you have this set up too.

To create a deterioration model:

1. Go to Analysis Deterioration Models and click Create Deterioration Model.

   Or, you could also duplicate an existing model and edit it.

2. Select an asset group set.
3. Enter a model name.
4. Optionally, select a failure definition. You can also add this later if you want to.
5. Click Create Deterioration Model.
6. The model will take a few minutes to initialize. Once it does, you will see a table listing all of the asset groups.
7. If you didn't select a failure definition or if some of your groups don't have enough failures to create a curve (at least 5 failures required), you will need to select a survival curve method for each group you want results for.
8. When ready, you can save and run your model.

Deterioration models have three possible statuses:

• Complete: The model is in a ready state. This status does not necessarily mean that the model has been run (that is, there may not be any results yet).
• In progress: The model is initializing or being run.
• Failed: The model run failed.