Availability is a measure of the probability that a system or equipment is operational at any given time, considering that it was operational at some prior point. The symbol \(\alpha\) represents the probability that the equipment is still in working condition after a certain period, which accounts for both repair and downtime.
In reliability and maintenance contexts, availability can be expressed as the ratio of the time the system is functional versus the total time. The parameter \(\alpha\) signifies this probabilistic measure.