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Consider a tire manufacturer. The number of tire that the manufatcurer produces per week is following a triangular distribution with minimum value of 1000, most
Consider a tire manufacturer. The number of tire that the manufatcurer produces per week is following a triangular distribution with minimum value of 1000, most likeely value of 2000 and maximum value of 3000. Historical data shows that the chance of getting defective tire is following a uniform distribution with values of 5% and 8%. All tires will be inspected after they produced the produced tire can be healthy (not defective) or defective. The cost of producing a healthy tire is approximately $25. This cost is called production cost for an individual tire. The defective tires need rework process which incur extra cost to the manufacturer. The cost of rework follows a uniform distribution with the values of $4 and $8 depending on the type of defect. Simulate the total cost of production for the tire manufatcurer for 1 month (4 weeks) Calculate the total cost of manufacturer for 1 month. Consider a tire manufacturer. The number of tire that the manufatcurer produces per week is following a triangular distribution with minimum value of 1000, most likeely value of 2000 and maximum value of 3000. Historical data shows that the chance of getting defective tire is following a uniform distribution with values of 5% and 8%. All tires will be inspected after they produced the produced tire can be healthy (not defective) or defective. The cost of producing a healthy tire is approximately $25. This cost is called production cost for an individual tire. The defective tires need rework process which incur extra cost to the manufacturer. The cost of rework follows a uniform distribution with the values of $4 and $8 depending on the type of defect. Simulate the total cost of production for the tire manufatcurer for 1 month (4 weeks) Calculate the total cost of manufacturer for 1 month
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