GMS 401 Lecture Notes - Lecture 4: Failure Rate, Standard Deviation, Material Design
8 Oct 2016
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Suggest: consistent dependability of judgment, character or performance: reliable formula. Someone who you can lean and depend on and trust. Importance in a firm: failure results in firm"s. Reputation -> if the products are reliable or not (exceeding customers expectation or not) Profitability no profit is a bad profit, allow and create opportunity. Dissatisfied customers social media affects the company, if customers don"t like the product then there won"t be any profits. Idle employees optimal productivity is lowered, and profit is lowered. Ability of a product, part or system to perform its intended functions under a prescribed set of conditions: used: when activated (one point at a time, for a given length of time. Happens by: improving individual components: providing redundancy. Robust products products that exceed consumer expectation. Measures of the ability of a product or part to perform its intended functions under conditions. Over design: enhancing design to avoid failure: ex. Use redundancy in the design: providing backup components.
