Lab #4 RELIABILITY A certain company produces 8,000 tables per year in a three-step process. The...

 

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Lab #4 RELIABILITY A certain company produces 8,000 tables per year in a three-step process. The cost to produce one table is $135. The three steps in the process employ machines with the reliabilities listed here: Step A-0.985 Step B -0.980 Step C-0.860 Question #6 What is the reliability of the present process? Provide reliability to three digits. Question #7 How many defects does this process presently produce annually? Round up to get a whole number. Question #8 The company can choose to buy a back-up machine for Step C for an additional $27,000. The back-up would also have a reliability of 0.860, just like the one that is presently used. If they decide to get this back-up machine, what will the new reliability of the system be? Assume that once a machine malfunctions, the process continues to produce product, acceptable and defective. THREE decimal places. Question #9 With the back up in place, how many defects will the process produce annually given the same demand rate? Question #10 How much do they stand to save this year if the cost of the back-up machine is included in your calculation? Remember to include the cost of the back-up into your calculations. Lab #4 RELIABILITY A certain company produces 8,000 tables per year in a three-step process. The cost to produce one table is $135. The three steps in the process employ machines with the reliabilities listed here: Step A-0.985 Step B -0.980 Step C-0.860 Question #6 What is the reliability of the present process? Provide reliability to three digits. Question #7 How many defects does this process presently produce annually? Round up to get a whole number. Question #8 The company can choose to buy a back-up machine for Step C for an additional $27,000. The back-up would also have a reliability of 0.860, just like the one that is presently used. If they decide to get this back-up machine, what will the new reliability of the system be? Assume that once a machine malfunctions, the process continues to produce product, acceptable and defective. THREE decimal places. Question #9 With the back up in place, how many defects will the process produce annually given the same demand rate? Question #10 How much do they stand to save this year if the cost of the back-up machine is included in your calculation? Remember to include the cost of the back-up into your calculations.

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Lab 4 Reliability Analysis Scenario A company produces 8000 tables per year with a threestep process and each step has a specific reliability chance o... View the full answer