In: Economics
why does cost increase exponentially as we attempt to increase system reliability (ie: to improve reliability by 1% from 50% to 51% will cost more than 99% to 100%)?
Ans.
Reliability is the probability that the product , service or
part will function as expected. No product or service is hundred
percent certain to function.
The disappointment of one part doesn't generally cause all out
disappointment of the equipment nor does the disappointment of one
hardware consistently cause all out disappointment of the
undertaking or strategic. Accomplishing all out dependability is
exorbitant thus the clients in the businesses frequently need to
bargain and focus on the low possibility of disappointment of the
hardware. Proportional accentuation is put on the early return back
of the equipment after fix of any breakdown.
At the plan stage different methodologies are utilized to upgrade
the unwavering quality of the equipment. The most pervasive is
utilization of over plan. Utilizing thicker material, more
grounded, better materials for light reason hardware. This
methodology is exceptionally wasteful from the cost point of view,
as it builds the expense of hardware. Different methodologies being
utilized are basic and normalized segments/parts. Lesser the
quantity of segments, higher is the unwavering quality. Normalized,
demonstrated parts have higher unwavering quality than customized
exceptional segments.