Consider an electric part with two components in series, Operation Management

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Consider an electric part with two components in series

Consider an electric part with two components in series (component A and component B). Component has a reliability of 88%, while component B has a reliability of 94%. It is known that if the part fails, it will cost the company $1000.

What is the system reliability and the expected failure cost per part?

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Operation Management: Consider an electric part with two components in series

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Operation Management: Consider an electric part with two components in series

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