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.
bartleby

Concept explainers

Question
Book Icon
Chapter 13.7, Problem 30P
Summary Introduction

Interpretation:

The optimal time for replacement:

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.

Blurred answer
Students have asked these similar questions
The reliability of a hard-disk drive is typically described in terms of a quantity called mean time between failures (MTBF). Although this quantity is called a “time,” the MTBF actually is measured in drive-hours per failure. If a system contains 1,000 disk drives, each of which has a 750,000-hour MTBF, which of the following best describes how often a drive failure will occur in that disk farm: once per thousand years, once per century, once per decade, once per year, once per month, once per week, once per day, once per hour, once per minute, or once per second?
Rick Wing, salesperson for Wave Soldering Systems, Inc. (WSSI), has provided you with a proposal for improving the temperature control on your present machine. The machine uses a hot-air knife to cleanly remove excess solder from printed circuit boards; this is a great concept, but the hot-air temperature control lacks reliability. According to Wing, engineers at WSSI have improved the reliability of the critical temperature controls. The new system still has the four sensitive integrated circuits controlling the temperature, but the new machine has a backup for each. The four integrated circuits have reliabilities of 0.82, 0.84, 0.86, and 0.88. The four backup circuits all have a reliability of 0.82. a) The overall reliability of the new temperature controller =% (enter your response as a percentage rounded to two decimal places). 1. If you pay a premium, Wing says he can improve all four of the backup units to 0.91. the overall reliability of the new temperature controller with the…
Rick​ Wing, salesperson for Wave Soldering​ Systems, Inc.​ (WSSI), has provided you with a proposal for improving the temperature control on your present machine. The machine uses a​ hot-air knife to cleanly remove excess solder from printed circuit​ boards; this is a great​ concept, but the​ hot-air temperature control lacks reliability. According to​ Wing, engineers at WSSI have improved the reliability of the critical temperature controls. The new system still has the four sensitive integrated circuits controlling the​ temperature, but the new machine has a backup for each. The four integrated circuits have reliabilities of 0.840.84​, 0.860.86​, 0.880.88​, and 0.900.90. The four backup circuits all have a reliability of 0.840.84. Part 2 ​a) The overall reliability of the new temperature controller​ = 92.2592.25​% ​(enter your response as a percentage rounded to two decimal​ places). Part 3 ​b) If you pay a​ premium, Wing says he can improve all four of the backup units to 0.870.87.…
Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.