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GMS 401 (277)
Lecture

Lecture #3 - Chapter 4S

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Department
Global Management Studies
Course
GMS 401
Professor
Robert Meiklejohn
Semester
Fall

Description
GMS401Lecture 3 Chapter 4SReliability RELIABILITYis a measure of the ABILITY of a product part or system to perform its intended function under a prescribed set of conditions over a periodIt can have an impact onRepeat salesThe products imageFAILUREperform as intended a situation in which the product or service DOES NOT Either substandard performance or failure to perform AT ALL In effect ReliabilityPROBABILITYEg given that an item has a reliability of 90It thus has a 90 or 90 probability of functioning AS INTENDEDThe probability that this item will FAIL is 1009010 or 1009010Similarly a reliability of 985 implies an average of 15 failures per 1000 parts or trialsProbability is used in TWO ways1
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