This document discusses reliability and its importance. It defines reliability as the probability that a system will work, and provides examples of calculating reliability for series and parallel systems. Key points made include:
- Reliability measures the likelihood a system will function and is important for reputation, customer satisfaction, costs and competitive advantage.
- The reliability of a series system is the product of the component reliabilities, while the reliability of a parallel system is 1 minus the product of the component unreliabilities.
- More components in a series system lowers the overall reliability, while more components in a parallel system increases the overall reliability.
- Complex systems can combine series and parallel components, requiring multi-step calculations to