Question: 0 3 A plastic injection molding machine operates 324 days a year. It is the bottleneck workstation in a process than produces plastic housed wall

0 3 A plastic injection molding machine operates
0 3 A plastic injection molding machine operates 324 days a year. It is the bottleneck workstation in a process than produces plastic housed wall docks. Industrial engineers collected data on the probability of machine breakdowns, the costs of preventive maintenance, and the cost of a breakdown Number of Molding Machine Breakdowns 1 2 per Day Probability of a breakdown 0.31 0.28 0.20 0.07 The cost of preventive maintenance is high due to performing it between 1 and 4 a.m. each day by two machine experts. The preventive maintenance cost is $1,970 per day including replacement parts, cleaning, and software upgrades. The cost of a breakdown of $1,910 is also high because the downstream workstations can only work untit all work-in-progress inventory is completed; then the entire process must stop. What are the economics of the situation? Do not round Intermediate calculations. Round your answers to the nearest cent. The expected cost of a breakdown per day is $ The manufacturing firm saves $ per year by performing preventive maintenance daily on the injection molding machine a 0.14

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