Concepts

Settings

Setting up Demand Rates

Performing risk analysis involves determining the probability that a failure mode will occur. The probability evaluation can be based on the likelihood of failure value and a demand scenario. For each demand scenario, the analyst selects a demand rate that identifies the frequency at which the scenario is likely to occur. To set up this type of evaluation, you must create demand rates, for example, 0-6 months or 6 months - 1 year.

This topic explains how to create a demand rate.

To Set up a Demand Rate

1.	From the Site window, select the Strategy Development view, Settings tab and then the Probabilities tab. Select the Probability of Failure Settings node in the tree.

Tip: You can also select the Administration menu, Strategy Development Settings, Risk Analysis, and then Probabilities. The Strategy Development - Probability of Failure Settings dialog appears.

2.	Select the Demand Rates tab.

3.	Click New. The Demand Rate dialog appears.

4.	Provide a descriptive name for the demand rate, for example, “0.5 to 4 years”.

5.	Enter an abbreviation for the demand rate.

6.	The sequence number determines the order in which values are listed in the Demand Rates tab.

7.	To change the image that identifies the demand rate, click Change Icon, select a different graphic, and click OK.

8.	Provide a description of the demand rate.

9.	Click OK to save the value and close the dialog. The demand rate is added to the tab.