Example: stock market
Failure Modes and Effects Analysis
1. How ( i.e., in what ways) can this element fail (failure modes)? 2. What will happen to the system and its environment if this element does fail in each of the ways available to it (failure effects)? FMEA ORIGIN: – FMEA is a tool originated by SAE reliability engineers. It continues to be associated by many with reliability engineering. It
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