User defined curves can be created in Conquest for the purpose of:
•Defining how an Asset Type will deteriorate over its life
•Calculating the probability of a Risk Event occurring
In addition, curves are used by:
•Conquest Road Surface Manager
To create a new curve click the New button and define a name:
•The X axis of the chart represents the percentage of the expected life used
•The Y axis of the chart represents the percentage of deterioration occurred
The boxes at the bottom should contain the percentage of deterioration at that percentage of expected life. This will draw a line to that point on the graph and once all boxes are filled the line should represent a curve of deterioration for an asset. You can also click on the chart to define a new point in the curve.
Please note that is it is not possible to define a point on a curve that has a lesser deterioration then the previous point.
A Deterioration Curve can then be assigned to an Asset Type
NOTE: Deterioration Curves have no effect on valuations and are not used in depreciation calculations.