Principles Of Operations Management
Principles Of Operations Management
11th Edition
ISBN: 9780135173930
Author: RENDER, Barry, HEIZER, Jay, Munson, Chuck
Publisher: Pearson,
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Chapter 17, Problem 15P
Summary Introduction

To determine: The reliability of the system.

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A typical retail transaction consists of several smaller steps, which can be considered components subject to failure. A list of such components might include:                                            Let the eight probabilities of success be .92, .94, .99, .99, .98, .97,.95, and .96. What is the reliability of the system; that is, the probabilitythat there will be a satisfied customer? If you were the storemanager, what do you think should be an acceptable value forthis probability? Which components would be good candidatesfor backup, which for redesign?
A typical retail transaction consists of severalsmaller steps, which can be considered components subject tofailure. A list of such components might include: Let the eight probabilities of success be .92, .94, .99, .99, .98,.97, .95, and .96. What is the reliability of the system; thatis, the probability that there will be a satisfied customer? Ifyou were the store manager, what do you think should bean acceptable value for this probability? Which componentswould be good candidates for backup, which for redesign?
An operation consists of two steps , the first of which has a reliability of 97% and the second a reliability of 99%. What is the probability that the operation will fail? please I need full explanation
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