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You have just started a new job as a maintenance engineer at an industrial water treatment plant. While reviewing operations, you find that the maintenance

You have just started a new job as a maintenance engineer at an industrial water treatment plant. While reviewing operations, you find that the maintenance department is replacing seal gaskets throughout the plant every 6 months (2,000 operational hours, out of 4,000 annual operational hours).

If each seal costs a total of $80, and failure of a seal costs $800, what are the total planned and unplanned maintenance costs for this seal gasket, if the gasket has a Weibull distributed time to failure with a characteristic life of 4,000 hours and a shape factor of 3.5?

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To calculate the total planned and unplanned maintenance costs for the seal gaskets we need to consider the probability of failure and the associated costs The Weibull distribution is commonly used to ... blur-text-image

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