Consider an electric part with two components in series, Ask an Expert

Management Studies

Consider an electric part with two components in series (component A and component B). Component has a reliability of 88%, while component B has a reliability of 94%. It is known that if the part fails, it will cost the company $1000.

You are trying to reduce the expected failure cost per part, and you have three improvement options. Find the system reliability and total (improvement plus failure) cost per part for each of the three options, and then suggest which of the three (if any) improvements you would recommend. (round all reliability calculations to 4 decimals)

improvement 1: add an 80% reliable backup for component A. The backup costs $50 per part.

improvement 2: add 90% reliable backup for component B. The backup costs $50 per part.

improvement 3: add a backup for component A and add a backup for component B. Backups have same reliabilites and costs as in improvements 1 and 2

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91509319

Have any Question?Write your Review or question?

Related Questions in Operation Management

The honda car dealership places a full page ad in the

The Honda car dealership places a full page ad in the newspaper with pictures and prices for 3 models of Honda. Due to an error on the part of the newspaper, the price of the 2008 Honda Accord is listed as $200 instead o ...

Process discovery1 consider the following two tasks and

Process Discovery 1. Consider the following two tasks, and explain their difference: The task of modeling the process of signing a rental contract in your city. The task of modeling the process of getting a license plate ...

1 what are the basic forms of international business

1. What are the basic forms of international business activity? 2. Examine the degree of control required by a firm over its technology portfolio. Are there certain components or technologies that should remain in-house? ...

1 what has been the track record for spills and social

1. What has been the track record for spills and social responsibilities (CSR) ? 2. If you got 3months Moving averages,3Months wighted moving averages and exponential smoothing for sales then on the basis of MAD which mo ...

1 environmental scanning is always conducted before

1. Environmental scanning is always conducted before strategy formulation. Discuss the importance of both the societal and task environments to strategic planning in an organization. 2. What is Omni-Channel Distribution ...

1 identify the management organization and technology

1. Identify the management, organization, and technology factors responsible for enabling adoption of internal corporate social network using NASA's Goddard spacebook, Red Robin and retail bank as case study examples 2. ...

Includes assessment must post first pest is a great way to

Includes assessment. Must post first. PEST is a great way to analyze the environment of a failed healthcare organization. Seek an organization via the Internet that has closed or been taken over and use the example on pa ...

Case studyinstructionsimplementation plan part 1during unit

Case Study Instructions Implementation Plan: Part 1 During Unit IV, VI, and VIII, you will be working on an implementation plan for a business. The components within these three units combined will create this plan. Plea ...

1 what is marketing dashboard how might mvsu benefit from a

1. What is marketing dashboard? How might MVSU benefit from a marketing dashboard approach? 2. Explain return on marketing investment (ROMI), including cautions about its use. 3. Identify other relevant marketing metrics ...

Solve in excel format step by stepthe dean of the western

Solve in EXCEL FORMAT, step by step The dean of the western college of Business must plan the schools course offerings for the fall semester. Student demands make it necessary to offer at least 30 undergraduate and 20 gr ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert