Dell has decided to improve its products' cooling system to achieve better performance and enhance theirefficiency. To do so Dell determined its need to design 25,000 new hybrid cooling fans. The company has twochoices, either to Make, or Outsource the hybrid cooling fans. In the Making process, Dell must pay $5 per fanwith a production line cost of $5,000. The process could be either a success or a failure, with a probability of0.65 in case of success and 0.35 in case of failure. If the making process was successfiul, no additional fees willbe incurred. On the other hand, if the process was a faiiure, then 15% of total fans made must be fixed with afixing cost/defective fan of $3.In the outsourcing process, the cost per fan depends on the market conditions. According to previous studies,the market could have two approaches, the first approach will cost Dell $8 per fan, while the second marketapproach will cost Dell $4.5 per fan and a Tax of 13% &:20% defective fans with a probability of 0.7.• 45% defective fans with a probability of 0.3.a fixing cost/defective fan of $2.5.The first market approach has 0.8 probability, and the second approach has 0.2 probability.EMV "Outsourcing - Approach 2" is$124,312.5$134,312.5$14,312.5

We are required to determine the EMV of the Outsourcing approach 2.

Answered: Dell has decided to improve its…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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B. A manufacturing company is analyzing its accident record. The accidents fall into two categories: ➤Minor-dealt with by first aider: Average cost k50 ➤ Major-hospital required. Average cost k1,000 The company has 1,000 employees, of which 180 are office staff and the rest work in the factory. The analysis shows that 10% of employees have an accident each year and 20% of accidents are major. It is assumed that an employee has more than one accident in a year. (i) Determine the expected total cost of accidents in a year. On further analysis it is discovered that a member of office staff | half the probability of having an accident relative those in the factory. (ii) Show that the probability that a given a member of office staff has an accident in a year is 0.0549. (iii) Determine the probability that a randomly chosen employee who has had an accident is office staff.
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