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Present Worth Design of Engineering Systems with Degrading Components

In: Recent Advances in Reliability and Quality in Design

Author

Listed:
  • Young Kap Son

    (University of Waterloo)

  • Gordon J. Savage

    (University of Waterloo)

Abstract

The ability of a manufacturer to design and produce a reliable and robust product that meets the customer’s short- and long-term expectations with low cost and short product development time is the key for success in today’s market. Customers’ expectations include quality at the start of a product’s life and both functionality and performance over a planned lifetime (e.g., warranty time). Quality may be defined as conformance of performance measures to specifications. Functionality is related to hard failures of components, meaning that the system ceases to function completely. Performance over time considers so-called soft failures wherein the system operates but performance measures do not meet their limit specifications. Often the design addresses only quality and it is hoped that performance and functionality will be acceptable]. However, performance and functionality over time are important to customers and must be ensured.

Suggested Citation

  • Young Kap Son & Gordon J. Savage, 2008. "Present Worth Design of Engineering Systems with Degrading Components," Springer Series in Reliability Engineering, in: Hoang Pham (ed.), Recent Advances in Reliability and Quality in Design, chapter 18, pages 361-374, Springer.
    • Handle: RePEc:spr:ssrchp:978-1-84800-113-8_18
    DOI: 10.1007/978-1-84800-113-8_18
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