Discuss a product that has a probability of working optimally 85% of the time.Would that be a product that would do well in the market?
Question:Read the given slide and sources in order to understand the requirements.ReliabilityReliability refers to the probability that a product or service will perform as intended in ideal conditions. The higher the level of reliability, the better the product or service will do in the market. Discuss a product that has a probability of working optimally 85% of the time.Would that be a product that would do well in the market? Discuss the circumstances in this would be an acceptable percentage.Discuss some things that the manufacturer could do to improve reliability.If the reliability of a product or service continues to remain lower than ideal or decline over time, discuss what will happen.Directions:Discuss the concepts, principles, and theories from the given slide and sources. Cite them and cite at least two more sources.Supplements Chapter 4 and 5 PowerPoint PresentationCabanes, B., Hubac, S., Masson, P.L., Weil, b. (2021). Improving reliability engineering in product development based on design theory: The case of FMEA in the semiconductor industry. Research in Engineering Design, 32(3), 309-329. Liao, S., & Liu, Z., (2022). Enterprise financial influencing factors and early warning based on decision model tree. Scientific Programming,2022, 1-8. Kascelan, L., Pejic Bach, M., Rondovic, B., & Durickovic, T. (2020). The interaction between social media, knowledge management and service quality: A decision tree analysis. PLoS ONE, 15(8), 1-30.
