A machine has a preventative maintenance cost of $670, and if this maintenance is performed daily there
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If maintenance is not performed, there is a 67% chance of a machine breakdown each day, at a cost of $2000/day. What are the daily expected cost savings of performing preventative maintenance?
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Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly
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