About Failure Probability

The Meridium Enterprise APM system can perform calculations on the data used in a Reliability Distribution Analysis to estimate how likely it is that a piece of equipment will fail today. Then, using future values that you supply, the Meridium Enterprise APM system can calculate how likely it is that a piece of equipment will fail at some point in the future.

The grid in the Failure Probability workspace contains the following columns of information:

Failure Probability

Note: Since pieces of equipment contain multiple sub-elements, probability of failure calculations will be affected when the failure type is Failures Without Replacements.

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