Manufacturing company present breakdown maintenance

Assignment Help Business Management
Reference no: EM13769038

Study the Bigelow Manufacturing Company's present breakdown maintenance (corrective) system. What are the advantages and disadvantages of the present system?
2) Utilize the information provided in the case along with the Excel template, construct a simulation model of the existing maintenance system.
3) Run the simulation experiment for at least 100 days. If you desire more accuracy, simulate for 1000 days. Determine the Average Time Between Breakdowns, Average Repair Tine, and Average Annual Cost.
4) Modify simulation model to reflect the proposed maintenance (preventive) system on Excel.
5) Run the modified simulation experiment for at least 100 days. If you desire more accuracy, simulate for 1000 days. Determine the Average Time Between Breakdowns, Average Repair Tine, and Average Annual Cost.
6) Develop the confidence limits at the 95% accuracy level for the Average Cost.
7) Plot the simulated results of Average Time Between Breakdowns, Average Repair Tine, and Average Annual Cost for at least 10 runs for both systems. Compare the results and discuss (refer attached sample).
8) Based on your results, which system would you recommend to the management of Bigelow and your reasons for doing so? 

Reference no: EM13769038

Questions Cloud

Utilizing information technologies in digital crime : Describe the overall impact (e.g., economic, social, etc.) of utilizing information technologies in combatting digital crime and digital terrorism
Foreign country and analyze its monetary system : Select a foreign country and analyze its monetary system. Research the country's monetary system using at least five scholarly sources, including a minimum of three from the Ashford Online Library. Your analysis should be an eight to ten page pape..
Revenue bonds and general obligation bonds : Municipal bonds come in two general classifications: Revenue Bonds and General Obligation Bonds. What do these classifications mean and which of these municipal securities might you prefer? Why?
Disturbance to the ecosystem : Describe the steps in the carbon cycle as an example of one biogeochemical cycle.
Manufacturing company present breakdown maintenance : Study the Bigelow Manufacturing Company's present breakdown maintenance (corrective) system. What are the advantages and disadvantages of the present system? 2) Utilize the information provided in the case along with the Excel template, construct a s..
Find the cash value of insurance : Victor has a $10,000 cash-value policy purchased 15 years ago when he was 25 years old. The policy will be paid at age 65. Find the cash value of insurance.  Jim is a 53 year old. He is in the 28% marginal tax bracket and earned 6.25% this year on th..
Write a paper on the social work and homelessness : Write a paper on the Social work and Homelessness.
What was your dividend yield on this stock : One year ago, you purchased a stock at a price of $32 a share. Today, you sold the stock and realized a total return of 25 percent. Your capital gain was $6 a share. What was your dividend yield on this stock?
Discuss the potential issues that walmart will face : Discuss the potential issues that Walmart will face operating in 27 countries.

Reviews

Write a Review

 

Business Management Questions & Answers

  Suggestions to avoid forecasting errors

Suggestions to Avoid Forecasting Errors - How should I proceed to write this memo and what should be emphasized?

  Response on the best leader for respective roles

Write a response on the best leader you ever worked with: Describe your respective roles and the context in which you interacted?

  Organizations of business continuity plan

The phrase "the show must go on" is perhaps more true in business than in performing arts. Organizations need to be prepared to run continuously regardless of environmental conditions.

  Is a learning organization realistic and sustainablewhat do

is a learning organization realistic and sustainable?what do you think about organizations as learning organizations

  What are few visible aspects of recycling''s culture

What are few visible aspects of Recycling's culture that reflect the company's values as well as commitment to green issues?

  Recognize the vulnerability of the steward''s ad-vocative

Many collective bargaining contracts recognize the vulnerability of the steward's ad-vocative position by according it to what?

  You anticipate a great deal of resistance to change from

you anticipate a great deal of resistance to change from the employees of pegasus especially if there are layoffs

  Do employees have a responsibility to alert other employers

Do employees have a responsibility to alert other employers to an employee's wrong doing by supplying an unfavourable reference? Present dispute in support of or in opposition of the situation.

  Question about probabilty and randomnessproblem 1what is

question about probabilty and randomnessproblem 1what is the chance of getting eight or fewer tails on 10 flips of a

  Predict the most significant ethical issue

•Rate the three (3) most important concepts that you learned in this course in order of importance (one [1] being the most important). Propose two (2) applications of this knowledge in your current or a future position.

  Hazard classesresearch a news article that covers one of

hazard classesresearch a news article that covers one of the nine major hazard classes. identify the hazard and explain

  Explain the advantages and disadvantages of fifo and lifo

Explain the advantages and disadvantages of FIFO and LIFO inventory methods and evaluate the best inventory method is best for this scenario.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd