The document discusses reliability concepts and functions. It defines reliability as the ratio of items still running over time to the initial number put into operation. Reliability can be estimated from life test data by observing the number of failures over time. The reliability function, failure rate function, and hazard rate function are defined. The hazard rate provides important reliability information as it is the conditional probability of failure. Various reliability models are described including the bathtub curve and how reliability expressions can be determined based on the failure or hazard rate function.