Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. A designer estimates that she can increase the average time between failures of a part by 5 percent at a cost of $450. Currently,

image text in transcribed a. A designer estimates that she can increase the average time between failures of a part by 5 percent at a cost of $450. Currently, the average time between failures is 100 hours and the average repair time is 4 hours. (Round your "Availability" answer to 4 decimal places.) b. A designer estimates that she can reduce the average repair time by 10 percent at a cost of $200. Currently, the average time between failures is 100 hours and the average repair time is 4 hours. (Round your "MTR" answer to 2 decimal places and "Availability" answer to 4 decimal places.) c. Which option would be more cost-effective? Thus, the designer should choose method

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project management the managerial process

Authors: Eric W Larson, Clifford F. Gray

5th edition

73403342, 978-0073403342

More Books

Students also viewed these General Management questions