ANALYSIS OF NECESSARY INVESTMENTS IN THE PRODUCTION AND WARRANTY SERVICE OF INNOVATIVE PRODUCTS CONSIDERING THE NECESSITY OF THEIR BACKUP
Ilana Ter-Saakova1, Nataly Podolyakina2
1Baltic International Academy, Lomonosova 1, Riga, LV-1019, Latvia
2Transport and Telecommunication Institute, Riga, Latvia, Lomonosova 1, Riga, LV-1019, Latvia
Redundancy is one of the commonly used methods to improve the reliability of industrial products and is used in various designs. Another way to increase the reliability is to use more reliable components during the production. This work provides a feasibility study of the redundancy during the manufacturing as well as a comparative analysis of the conditions under which one or another methods are chosen to improve the reliability of a product as a function of its value.