danTES801
Civil/Environmental
- Nov 13, 2007
- 3
Hi guys
I'm working on a project and I'm trying to put together a cost analysis for some items. I remember in University handling similar problems, but I don't remember the methodology.
Here is what I'm trying to do. Given:
- The age of the unit (say, 1989, so 18 yrs)
- The expected useful life (say 30 yrs)
- The number of units (say 10 units)
- Some accuracy percentage (say 95%),
- some time interval (say, the next 5 years)
I'd like to be able to CALCULATE that X number of units of my 10 are 95% likely to fail within the next 5 years.
thanks everyone.
dan
I'm working on a project and I'm trying to put together a cost analysis for some items. I remember in University handling similar problems, but I don't remember the methodology.
Here is what I'm trying to do. Given:
- The age of the unit (say, 1989, so 18 yrs)
- The expected useful life (say 30 yrs)
- The number of units (say 10 units)
- Some accuracy percentage (say 95%),
- some time interval (say, the next 5 years)
I'd like to be able to CALCULATE that X number of units of my 10 are 95% likely to fail within the next 5 years.
thanks everyone.
dan