Question: Six identical components connected in series make a system. The system reliability allocation is 0.99. What must be the minimum reliability of individual components? An

  1. Six identical components connected in series make a system. The system reliability allocation is 0.99. What must be the minimum reliability of individual components?

  1. An electronic local distributor for a national tire company expects to sell approximately 9600 steel-belted radial tires of a certain size and tread design next year. Annual carrying cost is $16 per tire per year and ordering cost is $75 per order. Make any suitable assumptions where required.

(a) What is the EOQ?

(b) What is the total annual inventory system cost (ignore cost of tires themselves) if EOQ

is ordered?

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