Bayesian tools for reliability and risk.
Learn a failure rate from the failures you have seen, or forecast how many installations, products, shipments or loans will go wrong across a whole portfolio. Carry the uncertainty through to the number of events and the cost you should plan for.
Questions these tools answer
- What is the failure distribution, with units still running?
- How many failures, returns, warranty claims or recalls across the whole portfolio, and what will they cost?
- How many of our loans might default, and what could the losses be?
- How likely, and how costly, is the rare event?
- What happens to a plan when every step has to hold?
Instruments
- Time-to-Event Explorer
- Portfolio Risk Simulator
- Bayesian Risk Calculator
- Poisson Rate Calculator
- Conjunction Calculator