What is the expected cost of this system

Assignment Help Operation Management
Reference no: EM13254201

A crew of mechanics at the Highway Department garage repair vehicles that break down at an average of ? = 8 vehicles per day (approximately Poisson in nature). The mechanic crew can service an average of µ= 11 vehicles per day with a repair time distribution that approximates an exponential distribution. The crew cost is approximately $300 per day. The cost associated with lost productivity from the breakdown is estimated at $150 per vehicle per day (or any fraction thereof). What is the expected cost of this system?

Reference no: EM13254201

Questions Cloud

State the iupac substitutive name of the alkene : Write the IUPAC substitutive name of the alkene that will produce 2-bromohexane relatively free of isomers by the Markovnikov addition of HBr.
What happens to current across the capacitor after long time : A circuit that is made from a voltage source in series with the switch then in series with the parallel set of a resistor and a capacitor. The switch is originally open, it is then closed.
Find the maximum height of the first bounce of the golf ball : A golf ball with a coefficient of restitution of 0.78 is tossed horizontally at 0.9 m/s from a height 1.5 m above the level ground. What is the maximum height of the first bounce of the golf ball
How large is each exterior angle of a regular hexagon : 1. draw a pair of concentric circles. the radius of a smaller circle has to be 40% as large as the radius of the other circle. you decide to make the radius of the smaller circle 5". what would be the circumference of the larger circle approximat..
What is the expected cost of this system : The cost associated with lost productivity from the breakdown is estimated at $150 per vehicle per day (or any fraction thereof). What is the expected cost of this system?
Explain structure of the final major organic product : Draw the skeletal structure of the final major organic product resulting from the following sequence of reactions.
Perform reliably during a one-hour exam : Assuming that a new battery has just been installed and the student brings one spare, fully charged battery with him, what is the probability that the laptop will perform reliably during a one-hour exam?
Find out the binding energy of f-19 nucleus : Determine the binding energy of F-19 nucleus. The F-19 nucleus has a mass of 18.99840325 amu. A proton has a mass of 1.00728 amu, a neutron has a mass of 1.008665 amu.
Compute the mass of each acid necessary : For each of the following acid-base reactions, calculate the mass (in grams) of each acid necessary to completely react with and neutralize 5.15 of the base.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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