How to Calculate Reliability Given 3 Different Distributions
On occasion, we want to estimate the reliability of an item at a specific time.
Maybe we are considering extending the warranty period, for example, and want to know the probability of no failures over one year instead of over the current 3 months.
Or, let’s say you talked to a bearing vendor and have the Weibull parameters and wish to know the reliability value over 2 years.
Whatever specific situation, you have the life distributions parameters. You just need to calculate reliability at a specific time. We can do that and let’s try it with three distributions using their respective reliability functions: exponential, Weibull, and lognormal. [Read more…]