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A wave soldering machine failures follow 3-parameter Weibull distribution with ß= 1.6, n = 800 hours and y = 500 hours. The cost of one PM is $ 6000 and the cost of an unexpected failure is $ 16 000. The machine operates 24 hours/day and PMs are done every three months. Determine the yearly cost for this maintenance schedule.

A wave soldering machine failures follow 3-parameter Weibull distribution with ß= 1.6, n = 800 hours and y = 500 hours. The cost of one PM is $ 6000 and the cost of an unexpected failure is $ 16 000. The machine operates 24 hours/day and PMs are done every three months. Determine the yearly cost for this maintenance schedule.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter10: Introduction To Simulation Modeling
Section: Chapter Questions
Problem 41P: At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 =...
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A wave soldering machine failures follow 3-parameter Weibull distribution with ß = 1.6, n = 800 hours and y = 500 hours. The cost of one PM is $ 6000 and the cost of an unexpected failure is $ 16 000. The machine operates 24 hours/day and PMs are done every three months. Determine the yearly cost for this maintenance schedule.
Transcribed Image Text:A wave soldering machine failures follow 3-parameter Weibull distribution with ß = 1.6, n = 800 hours and y = 500 hours. The cost of one PM is $ 6000 and the cost of an unexpected failure is $ 16 000. The machine operates 24 hours/day and PMs are done every three months. Determine the yearly cost for this maintenance schedule.
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