Question: Q 3 ( a ) [ 1 0 Marks ] The following costs and reliabilities have been calculated for a control mechanism. What is the

Q 3(a)[10 Marks]
The following costs and reliabilities have been calculated for a control mechanism.
What is the optimum redundancy to ensure the minimum overall cost?
p (Reliability for unit of time.)=0.94
Capital cost =200
Operating cost =300
Down time cost (per unit time)=120,000
Q 3(b)[10 Marks]
A new machine is to contain seven identical systems each with a reliability of 80%.
The machine will continue to function as long as at least 4 of the systems function.
What is the reliability of the machine?
Q 3(c)[5 Marks]
If the availability required for a plant is 0.99, and the MTTF 500 hours what will our
target for mean repair time be?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!