Publication date: 11/10/2021
Reliability Forecast
Forecast Product Failure Using Production and Failure Data
The Reliability Forecast platform helps you predict the number of future failures. JMP estimates the parameters for a life distribution using production dates, failure dates, and production volume.
Using the interactive graphs, you can adjust factors such as future production volumes and contract length to estimate future failures. Repair costs can be incorporated into the analysis to forecast the total cost of repairs across all failed units.
Figure 9.1 Example of a Reliability Forecast
Contents
Overview of the Reliability Forecast Platform
Example Using the Reliability Forecast Platform
Launch the Reliability Forecast Platform
The Reliability Forecast Report
Observed Data Report
Life Distribution Report
Forecast Report
Reliability Forecast Platform Options
Additional Example Using the Reliability Forecast Platform
Want more information? Have questions? Get answers in the JMP User Community (community.jmp.com).