Reliability Engineering: Techniques for Ensuring Equipment Reliability

Reliability engineering is the backbone of maintaining efficient and productive industrial operations. In a world where downtime can lead to substantial losses, ensuring equipment reliability is paramount. For industrial businesses, downtime costs, on average, $260,000 per hour, according to a Forbes article . Additionally, according to the article, increasing equipment reliability can save downtime by 35 to 50% and boost productivity by 20 to 25%. This article delves into the fundamental concepts of reliability engineering, explores various tools and techniques used in the field, and discusses strategies for enhancing equipment life through reliability-focused practices. The Core Concepts of Reliability Engineering In an industrial setting, reliability is the ability of equipment or systems to perform their intended functions consistently and predictably over a specified period of time. It encompasses the reliability of individual components as well as the overall performa...