Publication date: 04/21/2023
Reliability Forecast
Forecast Product Failure Using Production and Failure Data
The Reliability Forecast platform enables you to predict the number of future failures. The parameters for a life distribution are estimated 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 10.1 Example of a Reliability Forecast
Contents
Overview of the Reliability Forecast Platform
Example of 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 of the Reliability Forecast Platform
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