A plastic injection molding machine operates 334 days a year. It is the bottleneck workstation in a process that produces plastic housed wall clocks. 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 per Day Probability of a breakdown 0 0.32 1 0.27 2 0.22 3 0.13 4 0.06 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 $2,030 per day including replacement parts, cleaning, and software upgrades. The cost of a breakdown of $1,940 is also high because the downstream workstations can only work until 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 plastic injection molding machine operates 334 days a year. It is the bottleneck workstation in a process that produces plastic housed wall clocks. 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 per Day Probability of a breakdown 0 0.32 1 0.27 2 0.22 3 0.13 4 0.06 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 $2,030 per day including replacement parts, cleaning, and software upgrades. The cost of a breakdown of $1,940 is also high because the downstream workstations can only work until 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.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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![A plastic injection molding machine operates 334 days a year. It is the bottleneck workstation in a process that produces plastic housed wall clocks.
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
per Day
Probability of a
breakdown
0
0.32
1
0.27
2
0.22
3
0.13
4
0.06
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 $2,030 per day including replacement parts, cleaning, and software upgrades. The cost of a breakdown of $1,940 is also high
because the downstream workstations can only work until 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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc00f41a8-3019-411c-9841-b4d3b90602dd%2F871ed7b4-ad5b-4c03-888a-16fc35abdf9b%2F3163hn_processed.png&w=3840&q=75)
Transcribed Image Text:A plastic injection molding machine operates 334 days a year. It is the bottleneck workstation in a process that produces plastic housed wall clocks.
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
per Day
Probability of a
breakdown
0
0.32
1
0.27
2
0.22
3
0.13
4
0.06
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 $2,030 per day including replacement parts, cleaning, and software upgrades. The cost of a breakdown of $1,940 is also high
because the downstream workstations can only work until 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.
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