How many pumps should be kept on hand

Assignment Help Supply Chain Management

Reference no: EM131952590

Question: Suppose there are 42 pumps used in a refinery. These pumps are continuously being used with a 2% chance of failure over 50,000 hours. If repair time is 10 hours to install a new rebuilt pump, how many pumps should be kept on hand to keep the chance of a plant shutdown to less than 1%. (Hint: Treat this problem as a traditional safety stock problem and use a z table.)

Reference no: EM131952590

Questions Cloud

Describe how to interpret the results of the test : The dependent variable throughout assignment is bill. Run a Dickey-Fuller test of whether it has a unit root. Describe how to interpret the results of the test.

Stress than people of former times did : Do you believe that members of our society now experience more stress than people of former times did?

Strategies for efficient and effective energy management : ENEM 14014 – Capstone Thermo-fluid Engineering - Assessments of Energy Performance and Retrofitting of an Institutional Building for Improved Thermal Management

Receiving end of a stereotype : Have you ever been at the receiving end of a stereotype (e.g., when someone reacted to you in a certain way because of your membership in a particular group)?

How many pumps should be kept on hand : Suppose there are 42 pumps used in a refinery. These pumps are continuously being used with a 2% chance of failure over 50,000 hours.

What is the regression equation : Find a linear regression equation relating number of bottle of water you drink each day (independent variable) and number of trips to the restroom.

On average how many people are in the process : Before a show starts at the Coyote theatre patrons arrive at an average rate of 400 per hour. 75% of patrons purchase a ticket at the Box Office.

How to analyze the results of your analysis : One of the difficulties of statistical analysis is to figure out how to analyze, interpret, and present the results of your analysis.

Explain kant principle of ends : Explain Kant's principle of ends. Do you think this principle could be a useful moral principle for you in everyday life?

User Account

All Pages