Examine the systems given below. Which system is more reliable, a or b? c or d? Now
Question:
If it costs $1000 for each 90% reliable component, $1500 for each 93% component, $2000 for each 95% reliable component, and $10,000 to replace a failed system, which system would you choose, a or b? c ord?
Transcribed Image Text:
0.93 0.93 (a 0.95 0.950.95 0.90 0.90 90 · 0.90- 0.90 --「0.90 -
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a System A reliability 93 x 93 8649 Component cost 1500 x 2 3000 Failure cost 18...View the full answer
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Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
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Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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