A workshop repairs failed engineering equipment and it will not be able to repair a given piece of equipment because of the factors listed below. A: Skilled manpower is unavailable. B: Equipment is too damaged to repair C: Repair facilities or tools are unavailable. D: There are no spare parts. Furthermore, either of the following two factors can result in unavailability of spare parts: E: Parts are no longer available in the market. F: Parts are out of stock. In addition, the unavailability of skilled manpower can be caused by either of the following two factors: G: Poor planning. H: Labor shortage. Develop a fault tree for this undesired event: Calculate the probability of the occurrence of the undesired event if the probabilities of occurrence of factors B, C, E, F, G, and H are 0.03, 0.02, 0.04, 0.05, 0.06, and 0.07, respectively.

A workshop repairs failed engineering equipment and it will not be able to repair a given piece of equipment because of the factors listed below. A: Skilled manpower is unavailable. B: Equipment is too damaged to repair C: Repair facilities or tools are unavailable. D: There are no spare parts. Furthermore, either of the following two factors can result in unavailability of spare parts: E: Parts are no longer available in the market. F: Parts are out of stock. In addition, the unavailability of skilled manpower can be caused by either of the following two factors: G: Poor planning. H: Labor shortage. Develop a fault tree for this undesired event: Calculate the probability of the occurrence of the undesired event if the probabilities of occurrence of factors B, C, E, F, G, and H are 0.03, 0.02, 0.04, 0.05, 0.06, and 0.07, respectively.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter17: Making Decisions With Uncertainty

Section: Chapter Questions

Problem 17.6IP

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