Posted in Operations and Supply Chain Terms, Total Reads: 1584
Definition: MTBF (Mean Time Between Failures)
MTBF or mean time between failures is the arithmetic mean of time between the failing and the subsequent running of the system in a particular time period.Failure, means the state of a system when it is out of work and is repairable,
if it is beyond repair then it cannot be termed as a failure. It is denoted by theta ‘Ѳ’.