ECONOMIC CONSIDERATIONS IN FAILURE PREVENTION

Economic considerations normally determine if product failure prevention is justified by a producing firm. Failures represent a gap between expectations and performance. Both involve measurement and standards technology which the NBS can provide. However, economic analysis should be used to determine the conditions under which failure prevention is desirable. Examples of economically desirable conditions for failure prevention are provided.

• Supplemental Notes:
  • Presented at the 20th meeting of NBS Mechanical Failures Prevention Group, Gaithersburg, Maryland, May 8-10 1974.
• Corporate Authors:

  National Bureau of Standards

  Technical Analysis Division
  Washington, DC  United States  20234
• Authors:
  • Morgan, H E
• Publication Date: 1976-4

Media Info

• Features: References;
• Pagination: p. 107-116
• Serial:
  • Publication of: National Bureau of Standards
  • Publisher: National Bureau of Standards

Subject/Index Terms

• TRT Terms: Analysis; Economic analysis; Failure
• Old TRIS Terms: Analytical techniques; Failure indexes
• Subject Areas: Economics; Railroads; Safety and Human Factors;

Filing Info

• Accession Number: 00142536
• Record Type: Publication
• Source Agency: Engineering Index
• Report/Paper Numbers: Spec. Pub 423 Proceeding
• Files: TRIS
• Created Date: Dec 15 1976 12:00AM