“…Every degradation mechanism evolves independently from the others, obeying a Markov process that models the stochastic transitions from state s d i (t) at time t to the next state s d i (t + 1), where s d i (t) ∈ {1, ..., S d i }, ∀t, d ∈ D, i = 1, ..., n d . These degradation states are estimated by the PHM systems (e.g., [29]). Similarly, a Markov process defines the stochastic transitions of the p-th power setting variable from s p j (t) at time t to the next state s p j (t + 1), where s p j (t) ∈ {1, ..., S p j }, ∀t, p ∈ P, j = 1, ..., n p .…”