Bath Tub Shaped Hazard Function Definition and Explanation PDF | Download eBooks
Learn Bath Tub Shaped Hazard Function definition in total quality management with explanation to study “What is Bath Tub Shaped Hazard Function”. Study bath tub shaped hazard function explanation with TQM terms to review total quality management course for online MBA programs.
Bath Tub Shaped Hazard Function Definition:
Reliability model that shows that products are more likely to fail either very early in their useful life or very late in their useful life is called bath-tub shaped hazard function.
Managing Quality: Integrating the Supply Chain by S. Thomas Foster
Bath Tub Shaped Hazard Function Explanation:
There are several reliability models used in the reliability studies. The most common model is bath tub hazard function. It is a graphical reliability model. The vertical axis (y axis) of the bath tub hazard function shows the failure rate i.e. the frequency of a product's failure. The horizontal axis (x axis) shows the time. The bath tub hazard function shows the rate at which a product fails over time. It can be noted that a product is more likely to fail either in the early years or the later years of its life. In between, the chances of failure are very less and the product works just fine. Due to this fact, organizations usually offer warranty for a product for the starting one to three years.
Keep Learning TQM Explanations
What is Cost Benefit Analysis?
In management, selecting and qualifying projects is important. It means to determine the worth of a project. Several methods are ...
What is N=2 Technique?
N=2 technique is a type of acceptance sampling with a minor difference. The traditional acceptance sampling technique inspects a sample ...
What is DMADV?
DMADV is a Six Sigma process improvement technique which is used in relation to Design for Six Sigma. It is ...
What are Outbound Logistics?
Outbound logistics is a value chain activity which takes place after the manufacturing is completed. This activity requires working closely ...
What is Organizational Design?
Organizations set objectives which are to be achieved with time through the tasks performed within the organization. For this reason, ...
What is Benchmarking?
Benchmarking is a process that enables a company to measure its performance in all aspects i.e. products, process, services and ...