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

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.