Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An aircraft control actuator is part of the flight control system that enables an airplane to fly. It is important that the actuators are reliable.

"An aircraft control actuator is part of the flight control system that enables an airplane to fly. It is important that the actuators are reliable. Reliability can be defined as the probability a system is functioning, so it is a number between 0 and 1. The development and installation cost as a function of reliability equals [$1730+ $11815*(In R)], which will be paid immediately. Maintenance on the actuator will occur in year 5 and in year 10. In each year the maintenance cost as a function of reliability R is [$1270/ln(1.45R)]. These equations are only valid for reliability R > 0.7. Assume the interest rate is 8%. What is the optimal reliability (a decimal between 0.7 and 1, rounded to the nearest hundreth) of the actuator that minimizes the discounted lifecycle costs of the actuator? (You do not need to calculate annual equivalent cost, but you do need to calculate the present value of the costs.)"

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

Step: 3

blur-text-image

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

International Finance Theory And Policy

Authors: Paul Krugman, Maurice Obstfeld, Marc Melitz

12th Global Edition

1292417005, 978-1292417004

More Books

Students also viewed these Finance questions

Question

Describe recruitment and selection for international operations.

Answered: 1 week ago