Availability refers to the probability that a piece of equipment or a system will be functional at a particular point (of time). Depending on what is important to an organization, availability might be a key performance metric. Availability needs to be contextualized when used: equipment that fails often but does not take long to repair may have a similar availability as equipment that fails rarely but takes a long time to repair. One scenario may be more desirable than the other.
For large equipment fleets, availability can be used to estimate the expected number of systems that will be available at a particular point (of time). Therefore, availability analysis is pertinent to fleet management.
Acuitas can help you determine if availability is a characteristic relevant to your organization. If so, we can assist you gather and analyse availability data.