System Reliability Calculation | Physical Significance of Calculating System Reliability Probability

We explain the mathematical formula used for calculating system reliability with an example calculation. We also discuss the physical significance of calculating system reliability as well as clarifying the concept of inherent reliability (or intrinsic reliability) of a system. This video is part of an online video based course on introducing the basic concepts of maintenance and reliability by following the CMRP body of knowledge. The course is focused on Pillar No. 3 (Equipment Reliability) of the referred body of knowledge. Get the complete course on the link below: https://www.udemy.com/course/cmrp-equipment-reliability/?referralCode=EA796F974BE65ACE4609 Video Chapters 00:15 Reliability formula 01:38 Reliability calculation example 05:21 Importance of operating conditions 06:28 Physical significance of reliability calculation 06:58 Inherent (Intrinsic) Reliability Correction: 03:01 There has been clerical error in churning the numbers in the presentation. With a MTBF of 1,000 hours (equal to failure rate of 0.001), the reliability that the pump will operate without failure in the next 12,000 hours is 0.000615%. In simple words, the pump will fail for sure. #cmrp #maintenancemanagement #reliabilityengineer