Weibull++ Target Reliability Estimator: Difference between revisions

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Product reliability affects total product costs in multiple ways. Increasing product reliability increases the initial cost of producing a product but decreases other costs incurred over the life of the product. For example, increased reliability results in lower warranty and replacement costs for defective products. Increased reliability also results in greater market share as satisfied customers typically become repeat customers and recommend reliable products to others. A minimal total product cost can be determined by calculating the optimum reliability for such a product. The Target Reliability Estimator does this by minimizing the sum of lost sales costs, warranty costs and manufacturing costs
Weibull++ SimuMatic generates multiple data sets using Monte Carlo simulation. It then analyzes each data set individually (e.g., to find the reliability at a specified time) and the group of data sets as a whole (e.g., to find the average reliability at a specified time across the data sets).  
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Revision as of 23:15, 22 March 2012

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Target Reliability Estimator

Weibull++ SimuMatic generates multiple data sets using Monte Carlo simulation. It then analyzes each data set individually (e.g., to find the reliability at a specified time) and the group of data sets as a whole (e.g., to find the average reliability at a specified time across the data sets).


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