Just Another Method to Compute MTTF from Continuous Time Markov Chain
This is an incremental improvement for reliability analysis in fields like engineering and business.
The paper tackles the problem of computing Mean Time to Failure (MTTF) from Continuous Time Markov Chain models by presenting an intuitive method based on solving a system of linear equations, which is simpler to implement.
The Meantime to Failure is a statistic used to determine how much time a system spends to enter one of its absorption states. This statistic can be used in most areas of knowledge. In engineering, for example, can be used as a measure of equipment reliability, and in business, as a measure of processes performance. This work presents a method to obtain the Meantime to Failure from a Continuous Time Markov Chain models. The method is intuitive and is simpler to be implemented, since, it consists of solving a system of linear equations.