MATHEMATICAL MODEL TO EVALUATE NON-DETERMINISTIC CUMULATIVE DAMAGE IN AN ORGANIZATION

Abstract

Unsystematic events like shocks can harm an organization and lead to its demise. The damage is not harmful by itself because of the one-failure time. The organization could eventually collapse due to the alternating damage. The organization fails once the total harm reaches a particular point. To ascertain when the organization's response plan is necessary, the inter-arrival time of harm is estimated. This study will employ the Exponentiated Exponential Binomial Distribution.