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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
Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity. (Round your answers to 2 decimal places.)
Peanut Processing Company produces cans of peanuts. The company expects sales of 15,000 cans in January, 16,000 cans in February, 17,000 cans in March, and 17,000 cans in April. There are 1,500 cans in inventory at the beginning of January. The compa..
What rule of thumb or guidelines would you recommend for deciding whether statistical differences between non-minorities and minorities reflect discrimination occuring throughout and organizations staffing system?
In many situations, the party obligated to perform under a contract may delegate his duty to perform to a third party. However there are two types of contracts where the obligor may not delegate the duty to perform. Identify the two types of contract..
Federal Express has registered impressive increases in sales and profits by emphasizing development speed.
It has been determined that a 90% learning curve applies to a particular assembly operation. It takes 30 minutes to assemble the first unit. How many minutes are required to produce the 5th unit? What about the 30th unit?
A manager must make a decision on shipping. There are two shippers, A and B. Both offer a two-day rate: A for $514 and B for $527. In addition, A offers a three-day rate of $472 and a nine-day rate of $407, and B offers a four-day rate of $458 and a ..
What variables might explain or predict an outcome in your department or life? If you generated a regression equation, how would you interpret it and the residuals from it?
Strategic Planning Process, In your own words, define strategic planning and explain why it is crucial to an organization's survival. In your response, include a description of how strategic planning differs from strategic management.
Mary had an average observed time for testing 12 seconds. Her performance is 100% Fatigue factor is 15% Calculate normal Time. Calculate Standard time.
A certain farming organization operates three farms of the comparable productivity. The output of each farm is limited both by usable acreage and by amount of water available for irrigation.
think of a presentpast work environment you have been in or use an example from your course materials and then explain
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