A design engineer is considering the number of levels of redundancy to buildinto a particular circuit. The circuit will be part of a sensitive piece of equipmentwith cost estimated at $500 per failure. Each additional level of redundancy costs$100. If each component fails at random at a rate of one failure every five years,what level of redundancy most closely equates the cost of the design with the expected failure cost of the equipment over its 10-year life cycle?

A design engineer is considering the number of levels of redundancy to buildinto a particular circuit. The circuit will be part of a sensitive piece of equipmentwith cost estimated at $500 per failure. Each additional level of redundancy costs$100. If each component fails at random at a rate of one failure every five years,what level of redundancy most closely equates the cost of the design with the expected failure cost of the equipment over its 10-year life cycle?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 65P

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