Failure rate is denoted by λ (Lambda). It is the frequency at which the system fails. The failure rates generally increase in the systems because of wear and tear due to use and age.
But the failure rate can be decreasing as well because of its process improvement. It is also known as ‘Positive Ageing’.
Search & Explore : Management Dictionary
Browse the definition and meaning of more terms similar to DFR (Decreasing Failure Rate). The Management Dictionary covers over 7000 business concepts from 6 categories.
Related Business Content