renewal theory
noun
A theory concerning the replacement of items that fail and need renewal; (Mathematics ) the branch of probability theory which considers populations of objects which fail after randomly distributed intervals, typically in relation to the lifetime of machine components.
Origin
Early 20th century; earliest use found in Journal Accountancy.
- potterer
- potteress
- potter's clay
- potter's earth
- potter's field
- potter's lathe
- potter's ore
- potter's wheel
- potter wasp
- pottery
- pottery clay
- pottery mold
- pottery mould
- pottery oven
- pottery tissue
- pottery tree
- pottiness
- potting compost
- pottinger
- potting-pot
- potting shed
- potting soil
- potting stick
- pottle
- pottled