“…A number of recent publications (Levitin, Xing, Amari, & Dai, ; Lu, Wu, Liu, & Lundteigen, ; Ma & Trivedi, ; Peng, Zhai, Xing, & Yang, ; Wang, Xing, & Levitin, ; Wang, Xing, Peng, & Pan, to name a few) are devoted to analysis of the phased‐mission systems that somewhat resemble our setting. However, all referenced papers consider neither abort policies and the MSP‐survivability tradeoff, nor the influence of random shocks.…”