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

  Ethical considerations in business

What are ethical considerations a business would need to evaluate before making a profit in a foreign country? All countries have different laws that need to be followed. A dilemma can take place when a company follows the law that infringes on th..

  Explain a business you have an interest in and research it

Explain a business you have an interest in and research it and Include information about the founder and the growth of the business

  Issues while supporting well-being of organization

Based on the information provided in this scenario, how should the CEO approach resolving the issues while supporting the well-being of the organization?

  Show the concept of empowerment

Show the concept of empowerment as a key skill of a leader - Show the concept of empowerment and the best practices associated with empowerment.

  Products which offers for sale-wheat cereal

Vega Foods, Inc., has recently purchased a small mill which it intends to operate as one of its subsidiaries. The newly acquired mill has three products which it offers for sale-wheat cereal, pancake mix, and flour.

  The most challenge to the professional researchers

1. What measurement scales are used in the sample questions provided (Exhibit OL-3)? Why might the lottery attitude and lottery importance questions have presented the most challenge to the professional researchers?

  Key control mechanisms in achieving organizational goals

Identify some of the key control mechanisms, and describe how management can apply them to aid in achieving organizational goals.

  Refer to business gurus such as the ceo of starbucks

1. Discuss your assumptions and beliefs as a leader. Discuss how these have changed or evolved while studying business planning and development.  You may refer to business gurus such as the CEO of Starbucks and provide a synopsis of what you have lea..

  Jarret owns city of savannah promises with an adjusted basis

Jarret owns city of Savannah promises with an adjusted basis of $100000. During the year he receives interest payments of $3000. Jarret partially financed the purchase of the bonds by borrowing $80000 at 5% interest

  National economy affect your business

How does the local, state, or national economy affect your business or place of work? Are there businesses that are relatively recession

  Employee benefit choices and cost controlswhat are the

employee benefit choices and cost controlswhat are the major factors in determining employees benefits in an

  Organizational behavior

Organizational Behavior - Discuss ways the major theories of organizational behavior (OB) can help, or have helped, guide the way for managers

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