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Part 1:
Prepare a report (no more than 500 words) describing how the calculation of product reliability can be applied in practice in your organisation or in one that you are familiar with. What are the benefits of increasing the reliability of systems/processes, and what are the drawbacks of using backups?
Part 2: Complete the following analyses:
Calculate the system reliability in the following scenario:
* A system consists of three components in series with reliabilities of 0.98, 0.90 and 0.95. The component with a reliability of 0.90 is backed up with a component of the same reliability, and the component with a reliability of 0.95 has a backup with a reliability of 0.92.
*Calculate the failure rate in the following:
A test of 10 light bulbs is conducted for 1,000 hours. Three light bulbs fail, at 40, 225 and 752 hours. The remaining seven remain functioning at the conclusion of the test.
Identify and describe a current situation, within your current or former organization, where the challenges of the process of change.
Identify the causes and effects of stress, as well as, the theories and concepts of stress management and self-regulation. Examine the methods available for enhancing positive health and reducing unhealthy stress.
HRM has transitioned over the last couple of decades from back office support to strategic partner
What would be the arbitrageur's profit in dollars per dollar transacted?
Complete a 2 page paper in APA format (plus cover sheet and reference page) that briefly describes the differences between formal and informal research.
The Tin Bucket Company projects the following direct materials purchases: Purchases on Account Cash Purchases December 2011 $30,000 $20,000 January 2012 50,000 30,000 February 2012 60,000 20,000 March 2012 60,000 30,000 The company pays for the cash ..
Review the unique challenges companies face in new product development. Evaluate how these challenges impact the traditional new product process. Review the purpose/value of product platform planning.
"We believe our first responsibility is to the doctors, nurses, patients, mothers, and all others who use our products and services" This is an excerpt from Johnson's& Johnson's mission statement. Which of the nine essential components of a mission s..
How would an analyst obtain data and determine the number of trips in:
Decide the optimal order quantity, order frequency and the Yearly cost of inventory management. If, during automation of the purchasing process, the ordering cost can be cut to $4.00, illustrate what will be the new economic order quantity, order ..
Using a real-life example, list a firm's stakeholders and use one of the models presented in the chapter to prioritize their importance. What criteria do you think should be used to prioritize competing stakeholder interests? the book is Strategic Co..
how is the underlying purpose of job-based structures different from that of person-based structures? list the purpose
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