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Calculating MTBF is pretty straightforward. MTBF is a calculation used to predict the time between failures of a piece of machinery.Definition, formulas, and downloadable tools to help you calculate and improve mean time between failures (MTBF) and other incident metrics. MTBF is an important failure metric that indicates the effective production time between breakdowns. It's essential to determine what you consider failure, such as when a part stops performing as expected or a complete machine breakdown. Everyone probably agrees that the failure to find and fix the causes of equipment failures leads to additional failures and reliability issues. Failure metrics are important in managing downtime. What indicators to examine, how to calculate them, and what benefits do they provide? It reports the number of expected failures for every one billion hours of asset operation. A Confidence Limit is then assigned to the asset.