Bath Tub Shaped Hazard Function Notes: Definitions & Explanations PDF | Download eBooks
Study Bath Tub Shaped Hazard Function lecture notes PDF with total quality management definitions and 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 Notes:
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 with TQM Notes
What is Quality Management?
It is important to link the reactive and proactive approaches towards quality of products and services to monitor and maintain ...
What is Contingency Theory?
Contingency theory is basically a situational approach which refers to the fact that while running a business, leading a team ...
What is Sum of Squares?
Analysis of variance involves a collection of models and tools which are used to consider the variances in group means ...
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 Auditing Procedure?
The systematic process that guides an auditor to perform and effective audit is called auditing procedure. There are no hard ...
What is Black Belt?
For the implementation of Six Sigma, the roles of different people within an organization may vary. A person with International ...