The concept of reliability, in short, refers to the ability of a given system to operate in accordance with the purpose for which it was designed, within a stipulated period of time. Suppose you, Mechanical Engineer, have been hired to provide consultancy to a parts factory automotive. At one point in the conversation between you and your contractor, he stated that the company has a specific system that needs to undergo reliability optimization and made the following statement: “The system we want to optimize has a low reliability of 63%. We come to this conclusion because, in for every 100 manufactured components 63 fail.” Review the above conclusion and judge whether the contractor is right or wrong in the comment he made. Justify your answer, presenting valid arguments, based on the discipline. Please make it typeable as handwriting hinders understanding!
The concept of reliability, in short, refers to the ability of a given system to operate in accordance with the purpose for which it was designed, within a stipulated period of time. Suppose you, Mechanical Engineer, have been hired to provide consultancy to a parts factory automotive. At one point in the conversation between you and your contractor, he stated that the company has a specific system that needs to undergo reliability optimization and made the following statement: “The system we want to optimize has a low reliability of 63%. We come to this conclusion because, in for every 100 manufactured components 63 fail.” Review the above conclusion and judge whether the contractor is right or wrong in the comment he made. Justify your answer, presenting valid arguments, based on the discipline. Please make it typeable as handwriting hinders understanding!
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The concept of reliability, in short, refers to the ability of a given system to operate in accordance with the purpose for which it was designed, within a stipulated period of time. Suppose you, Mechanical Engineer, have been hired to provide consultancy to a parts factory automotive. At one point in the conversation between you and your contractor, he stated that the company has a specific system that needs to undergo reliability optimization and made the following statement: “The system we want to optimize has a low reliability of 63%. We come to this conclusion because, in for every 100 manufactured components 63 fail.” Review the above conclusion and judge whether the contractor is right or wrong in the comment he made. Justify your answer, presenting valid arguments, based on the discipline.
Please make it typeable as handwriting hinders understanding!
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