This 5 page paper provides a case study regarding the aerospace industry and the use of quantitative analysis. FTA as a mode of analysis is explained in depth. Bibliography lists 3 sources.
Name of Research Paper File: RT13_SA433FTA.rtf
Unformatted Sample Text from the Research Paper:
A case study to illustrate the actual application of quantitative analysis in a management decision-making situation is conducive to understanding quantitative analysis. First, however, the concept of quantitative analysis,
as well as models which may be utilized in an aerospace context, must be discerned. It should be noted that a quantitative assessment which is based on the probabilistic
estimates do become more realistic in the latter stages as a decision-making tool, or simply for verification (Birmingham, Cain & Cripps, 2000). With such a tool in place, a designer
is able to choose the level of safety analysis in which he would like to work (2000). Then, such an individual would of course have the option to increase the
complexity at any time (2000). FTA is a popular accident analysis technique and may be thought of as a powerful diagnostic tool (Main & McMurphy, 1998). It is useful
in analyzing complex systems and was originally developed by Bell Labs during 1961 so that the Air Force could benefit (1998). It is a method that will help to identify
causes (1998). However, the method is utilized a great deal now by the government for branches of the utility and aerospace industries (1998). FTA actually is equivalent to
a chart that shows undesirable events (1998). Here, symbols are utilized in order to indicate the relationship between the various events (1998). An analysis will focus on the identification of
how a particular event might occur, and this is sometimes looked at as a "top-down" approach (1998). FMEA, on the other hand, looks to locate all
types of failures and examines their effects (1998). FTA is something that may be either qualitative or quantitative (1998). In order to implement FTA, an individual will choose a