Two equal power supplies in parallel: Half the risk of a brakedown of
the system but still two times as much failures of power supplies and
twice the support effort for the power supplies.
Now in this case, we still have independence, but now both has to fail.
In other words
P(intersection(X = 1, Y = 1)) = P(X = 1) * P(Y = 1)
This is theory. In practice a failing power supply will be changed as
soon as it shows an error. Especially in the serial case. This means
that in practice, one has to do a more heavyweight probability analysis.
One needs the probabilities after one month, after 2, 3, 4, etc to do
the discrete case. I can assure you the probabilities are not as easy as
you are taking them to be.