Solving a Problem of Reliability for Fixed Time Using Monte Carlo Technique

This paper is a solution to a problem that was put forward by Pandit(2002). The problem is to increase the reliability of a system, which, depends on a set of components connected in series. The increment can be done, by connecting to each of the components, similar components in parallel under some price and weight restrictions. The number of each of these components can be selected randomly and the combination giving the maximum reliability can be decided. An algorithm to reach the maximum reliability using Monte Carlo technique, under the price and weight restriction is been discussed. In the last section with some numerical values we find the maximum reliability for a five component series system and reach an important result