Parameter Estimation of a Multistate Model for an Aging Piece of Equipment under Condition-Based Maintenance

Table 1

Estimated parameters with different numbers of inspections.

𝐼	𝜃1	𝜃2	𝜃3
20	0.4089	0.2700	0.7639
40	0.3754	0.3123	0.6581
100	0.3342	0.2778	0.5887
200	0.3271	0.3040	0.5414
400	0.3215	0.2831	0.5354
1000	0.3075	0.2983	0.5256