Effective maintenance of equipment depends on the ability to accurately forecast the demand for spare parts. The

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Effective maintenance of equipment depends on the ability to accurately forecast the demand for spare parts. The Journal of Quality in Maintenance Engineering (Vol. 18, 2012) developed a statistical approach to forecasting spare parts demand. The methodology used the gamma distribution with parameters α and β to model the failure rate, Y, of system components. The model was developed under the assumption that the actual failure rate does not exceed twice the theoretical mean failure rate, . Assume α = 2and β = 5, then find P (Y < 2μ).

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Statistics For Engineering And The Sciences

ISBN: 9781498728850

6th Edition

Authors: William M. Mendenhall, Terry L. Sincich

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