Bayesian tools for reliability and risk.
Learn a failure rate from the failures you have seen — including units that have not failed yet — and carry the uncertainty through to the number of failures you should plan for.
Questions these tools answer
- What is the failure distribution, with units still running?
- How many failures across the whole portfolio this year?
- How likely, and how costly, is the rare event?
- What happens to a plan when every step has to hold?
Instruments
- Time-to-Event Explorer
- Portfolio Reliability Forecaster
- Bayesian Risk Calculator
- Poisson Rate Calculator
- Conjunction Calculator