There are three components of a new electric transportation device that is currently being developed, i)...

  

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There are three components of a new electric transportation device that is currently being developed, i) body, ii) engine and iii) battery. For each component, there are three design options to choose from. Carbonfiber, Aluminium, Steel for the body, and three power levels for the DC motor (30kW, 35kW and 40kW) for the engine, and three different chemistries to use for the batteries (Cobalt, Manganese, Phosphate). Any failure of any component would cause a device failure and the designers aim to minimise the probability of that within their limited design budgets. The body options have 2 in 1000, 3 in 1000, 1 in 1000 failure rates, and would cost $213, $117 and $311 respectively for Carbonfiber, Aluminium, and Steel. Engines cost $297, $391 and $193, and have failure rates of 3 in 1000, 2 in 1000, and 4 in 1000, respectively for 30kW, 35kW and 40kW options. Cobalt, Manganese and Phosphate batteries have the failure rates of 3 in 1000, 5 in 1000, and 4 in 1000, and cost $284, $162, and $197 respectively. With a budget of $600, how much of the budget needs to be spent to minimise the risk of failure of this new device. There are three components of a new electric transportation device that is currently being developed, i) body, ii) engine and iii) battery. For each component, there are three design options to choose from. Carbonfiber, Aluminium, Steel for the body, and three power levels for the DC motor (30kW, 35kW and 40kW) for the engine, and three different chemistries to use for the batteries (Cobalt, Manganese, Phosphate). Any failure of any component would cause a device failure and the designers aim to minimise the probability of that within their limited design budgets. The body options have 2 in 1000, 3 in 1000, 1 in 1000 failure rates, and would cost $213, $117 and $311 respectively for Carbonfiber, Aluminium, and Steel. Engines cost $297, $391 and $193, and have failure rates of 3 in 1000, 2 in 1000, and 4 in 1000, respectively for 30kW, 35kW and 40kW options. Cobalt, Manganese and Phosphate batteries have the failure rates of 3 in 1000, 5 in 1000, and 4 in 1000, and cost $284, $162, and $197 respectively. With a budget of $600, how much of the budget needs to be spent to minimise the risk of failure of this new device.

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