Lifetime data is nice to have, but lifetime data is not necessary! Generally Accepted Accounting Principles require statistically sufficient data to estimate nonparametric reliability and failure rate functions. Some work is required!
ISO 14224 “Petroleum, Petrochemical and Natural Gas Industries—Collection and Exchange of Reliability and Maintenance Data for Equipment” requires lifetime data to estimate exponential or Weibull reliability functions! Sales or ships and returns or failure counts are statistically sufficient to make nonparametric estimates of reliability and failure rate functions, without unwarranted distribution assumptions or lifetime data!
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