Failure Rate
Failure Rate Formula |
\( FR \;=\; \dfrac{ TF }{ TT } \) |
Symbol |
\(\large{ FR }\) = failure rate |
\(\large{ TF }\) = total amount of failures |
\(\large{ TT }\) = total amount of time |
Failure rate, abbreviated as FR, is the anticipated number of times that an asset or piece of equipment fails in a specific period of time.