What is availization?

Answer 1

The probability that a system is in its intended functional condition and therefore capable of being used in a stated environment. Availability deals with the duration of up-time for operations and is a measure of how often the system is alive and well. It is often expressed as (up-time)/(up-time + downtime) with many different variants. Up-time and downtime refer to dichotomized conditions. Up-time refers to a capability to perform the task and downtime refers to not being able to perform the task.

Answer 2

The probability that a system is in its intended functional condition and therefore capable of being used in a stated environment. Availability deals with the duration of up-time for operations and is a measure of how often the system is alive and well. It is often expressed as (up-time)/(up-time + downtime) with many different variants. Up-time and downtime refer to dichotomized conditions. Up-time refers to a capability to perform the task and downtime refers to not being able to perform the task.

Answer 3

The probability that a system is in its intended functional condition and therefore capable of being used in a stated environment. Availability deals with the duration of up-time for operations and is a measure of how often the system is alive and well. It is often expressed as (up-time)/(up-time + downtime) with many different variants. Up-time and downtime refer to dichotomized conditions. Up-time refers to a capability to perform the task and downtime refers to not being able to perform the task.

Answer 4

Availing a Bill of Exchange is the process of a third-party guaranteeing its payment when it is due. The third party could be a bank, the issuer of the bill, or an entirely unrelated party to the transaction.

If the bill is not honored, the availing party is responsible for payment.