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The Diagram Below Identifies the Elements of Service as Provided

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The diagram below identifies the elements of service as provided by a soft drink vending machine.Each element has an estimate of its own reliability,independent of the others.What is the reliability of the "system"? The diagram below identifies the elements of service as provided by a soft drink vending machine.Each element has an estimate of its own reliability,independent of the others.What is the reliability of the  system ?


Definitions:

Net Present Value

A calculation used to evaluate the profitability of an investment, subtracting the present values of cash outflows from the present values of cash inflows.

Binary Variable

A variable that takes on one of exactly two possible values, typically represented or coded as 0 and 1.

Processes

A series of actions or steps taken in order to achieve a particular end, often referring to sequences in manufacturing or computation.

Solver

A computational tool used in spreadsheet programs to find optimal solutions to complex decision-making problems by changing multiple variables.

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