Chapter 9
Reliability Forecast
Forecast Product Failure Using Production and Failure Data
The Reliability Forecast platform helps you predict the number of future failures. JMP estimates the parameters for a life distribution using production dates, failure dates, and production volume.
Using the interactive graphs, you can adjust factors such as future production volumes and contract length to estimate future failures. Repair costs can be incorporated into the analysis to forecast the total cost of repairs across all failed units.
Figure 9.1 Example of a Reliability Forecast
Get JMP 13 Reliability and Survival Methods now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
