Likelihood of failure Indicates the frequency with which a failure occurs that requires the asset to operate. See Also Probability of failure Description of the probability, for example, “Failures occur yearly”. See Also Matrix entry The identifier for the entry. When entries are generated, the identifier is set to the likelihood of failure and demand rate values, separated by a dash. See Also Abbreviation Short form for the probability matrix entry. See Also Sequence The order in which the object will appear. Failure probability The failure probability associated with this entry. See Also
