The preventive replacement cost of a motor is 5 and failure, Ask an Expert

Management Studies

The preventive replacement cost of a motor is $5 and failure replacement is $8. The failure times of the motor is normally distributed failure with mean = 4 weeks and standard deviation = 1 week. The company would like to implement a block policy of replacing the motor every 1 or 2 weeks. Should the company replace the motor every week or every 2 weeks?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91763833

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