GMS 401 Lecture Notes - Lecture 3: Preventive Maintenance, Meteorology, X&Y

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Wally Whistance- Smith

Document Summary

Reliable : what do we mean by this odd term, synonyms . trusty, authentic, consistent, infallible. trustworthy apply to persons, objects, ideas, or information that can be depended upon with confident certainty. Being reliable. consistent dependability of judgment, character, performance, or. Strategic importance of reliability: failure has far rea(cid:272)hi(cid:374)g effe(cid:272)ts o(cid:374) a fir(cid:373)"s, operation, reputation, profitability, dissatisfied customers. Idle employees: profits becoming losses, reduced value of investment in plant and equipment. Reliability: reliability is the probability that a machine will function properly for a specified time , reliability happens by . The ability of a product, part, or system to perform its intended function under a prescribed set of conditions: failure: Situation in which a product, part, or system does not perform as intended: normal operating conditions: The set of (cid:272)o(cid:374)ditio(cid:374)s u(cid:374)der (cid:449)hi(cid:272)h a(cid:374) ite(cid:373)"s relia(cid:271)ility is spe(cid:272)ified. Improving reliability: component design, production/assembly techniques, testing, redundancy/backup, preventive maintenance procedures, user education, system design.