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Explain the relationships between real GDP, aggregate expenditures, induced expenditures, and unplanned investment.
Product Failure Rate
The frequency at which an engineered system or component fails, expressed in failures per unit of time.
MTBF
Mean Time Between Failures, a measure of reliability for a system or product, indicating the average time between failures.
Breakdown Costs Model
A model that analyzes the costs associated with equipment or system failures, including repair, loss of productivity, and impacts on downstream processes.
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