How They Are Calculated, What They Tell Us & When They Can Be Used
It is not uncommon to find published failure rates with significantly different values for very similar equipment. These differences stem from the ways in which the failure rates were produced based on different approaches and different underlying assumptions. To used published failure rates effectively in assessing equipment safety performance, it is imperative to understand how failure rates are calculated, how to interpret the numbers, and recognize when those values can and cannot be used. This webinar covers these areas assuming basic knowledge of functional safety concepts.