The Johnson Manufacturing Company operates six identical machines that are serviced by a single technician when they
Question:
(a) What percentage of the technician’s time is spent repairing machines?
(b) On average, how long is a machine out of service because of a breakdown?
(c) On average, how many machines are out of service?
(d) Johnson wants to investigate the economic feasibility of adding a second technician. Each technician costs the company $18 per hour. Each hour of machine downtime costs $120. Should a second technician be added?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For 
Managerial Decision Modeling With Spreadsheets
ISBN: 9780136115830
3rd Edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair
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