Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 13.4, Problem 18P
Summary Introduction

Interpretation:

Level of redundancy

Concept Introduction:

The objective of optimal policy is to determine the value of ‘t’that minimizes the total cost of maintenance and replacement over an infinite horizon. A replacement cycle is the time between successive replacements.

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A subassembly in an industrial robot consists of 12 components in series, each of which fails completely at random at a rate of once every 50 years.a. What is the mean time between failures for this part of the robot?b. What is the probability that this subassembly does not fail within eight years of operation?
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