Manufacturing company present breakdown maintenance

Assignment Help Business Management
Reference no: EM13769038

Study the Bigelow Manufacturing Company's present breakdown maintenance (corrective) system. What are the advantages and disadvantages of the present system?
2) Utilize the information provided in the case along with the Excel template, construct a simulation model of the existing maintenance system.
3) Run the simulation experiment for at least 100 days. If you desire more accuracy, simulate for 1000 days. Determine the Average Time Between Breakdowns, Average Repair Tine, and Average Annual Cost.
4) Modify simulation model to reflect the proposed maintenance (preventive) system on Excel.
5) Run the modified simulation experiment for at least 100 days. If you desire more accuracy, simulate for 1000 days. Determine the Average Time Between Breakdowns, Average Repair Tine, and Average Annual Cost.
6) Develop the confidence limits at the 95% accuracy level for the Average Cost.
7) Plot the simulated results of Average Time Between Breakdowns, Average Repair Tine, and Average Annual Cost for at least 10 runs for both systems. Compare the results and discuss (refer attached sample).
8) Based on your results, which system would you recommend to the management of Bigelow and your reasons for doing so? 

Reference no: EM13769038

Questions Cloud

Utilizing information technologies in digital crime : Describe the overall impact (e.g., economic, social, etc.) of utilizing information technologies in combatting digital crime and digital terrorism
Foreign country and analyze its monetary system : Select a foreign country and analyze its monetary system. Research the country's monetary system using at least five scholarly sources, including a minimum of three from the Ashford Online Library. Your analysis should be an eight to ten page pape..
Revenue bonds and general obligation bonds : Municipal bonds come in two general classifications: Revenue Bonds and General Obligation Bonds. What do these classifications mean and which of these municipal securities might you prefer? Why?
Disturbance to the ecosystem : Describe the steps in the carbon cycle as an example of one biogeochemical cycle.
Manufacturing company present breakdown maintenance : Study the Bigelow Manufacturing Company's present breakdown maintenance (corrective) system. What are the advantages and disadvantages of the present system? 2) Utilize the information provided in the case along with the Excel template, construct a s..
Find the cash value of insurance : Victor has a $10,000 cash-value policy purchased 15 years ago when he was 25 years old. The policy will be paid at age 65. Find the cash value of insurance.  Jim is a 53 year old. He is in the 28% marginal tax bracket and earned 6.25% this year on th..
Write a paper on the social work and homelessness : Write a paper on the Social work and Homelessness.
What was your dividend yield on this stock : One year ago, you purchased a stock at a price of $32 a share. Today, you sold the stock and realized a total return of 25 percent. Your capital gain was $6 a share. What was your dividend yield on this stock?
Discuss the potential issues that walmart will face : Discuss the potential issues that Walmart will face operating in 27 countries.

Reviews

Write a Review

Business Management Questions & Answers

  Compare and contrast how quality new products

Compare and contrast how quality new products/services are likely to be developed at a McDonald's versus a bank in your neighborhood.

  Retaining employees

How could alternative work arrangements benefit you in retaining Julie, a valued employee and what might be the drawbacks to such an arrangement?

  Dynamic or transformational company - citibankselect a

dynamic or transformational company - citibankselect a dynamic or transformational company whose response to changing

  Question about public revenuewhat public revenue source do

question about public revenuewhat public revenue source do you consider particularly equitable and effective and what

  Effectively managing business meetings

What strategies would you employ to improve the usefulness of business meetings? Incorporate two or more of the strategic considerations (Should we meet, Who should attend, Premeeting Arrangements, Leadership Style, Decision-Making Format, Follow-..

  Important information about change managementdescribe the

important information about change managementdescribe the principles of change management.present at least 3 data

  Collective bargaining in the 1980s

Do you believe the declines experienced in the 1980s are unusual or similar as compared to earlier trends? Please explain your answer.

  Demonstrate that fidel castro is a world leader

Fidel Castro: using the leadership process, demonstrate that Fidel Castro is a world leader. How does the "personal traits" theory apply in his case

  Team development - conflict resolution

Find the steps a leader can take to prevent conflict from happening and to respond to conflict once it has begun.

  What are some of the operation management practices

Illustrates what are some of the operation management practices that can help bring manufacturing back to the U.S.? Explain how can a focus on quality improve manufacturing?

  How companies can change your job

Can your company legally change your job responsibilities, reduce your salary, and/or assign you to a different department? How would a union situation address this issue?

  How to examine the concept of quality adjusted life years

Examine the four options which can be used to compare costs also effects of a particular program in a world of limited resources (positive health effects, negative health effects, positive costs also negative costs) also find out which one is the ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd