A bank of 10 machines requires regular periodic service, Ask an Expert

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A bank of 10 machines requires regular periodic service. Machine running time and service time are both exponential. Machines run for an average of 44 minutes between service requirements, and service time averages six minutes per machine. If operations cost $15 per hour in wages and fringe benefits and machine downtime costs $75 per hour in lost production, what is the optimal number of operations for this bank of machines?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92551950

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