The following maintenance alternatives are considered for a new assembly line that has an acquisition cost of $250,000. Each has distinct service life expectancies and corresponding probabilities. Determine the maintenance regime most likely to yield an annualized overall cost less than $32k, given an annual rate of 7%. Maintenance regime $0 throughout life $25000 (in year 4) $35,000 (years 3 and 6) $75,000 (year 6) Service life years (probability) 7 (0.2) 8 (0.6) 8 (0.15) 10 (0.25) 12 (0.3) 10 (0.5) 12 (0.5) 13 (0.33) 9 (0.2) 12 (0.35) 14 (0.25) 15 (0.37)
The following maintenance alternatives are considered for a new assembly line that has an acquisition cost of $250,000. Each has distinct service life expectancies and corresponding probabilities. Determine the maintenance regime most likely to yield an annualized overall cost less than $32k, given an annual rate of 7%. Maintenance regime $0 throughout life $25000 (in year 4) $35,000 (years 3 and 6) $75,000 (year 6) Service life years (probability) 7 (0.2) 8 (0.6) 8 (0.15) 10 (0.25) 12 (0.3) 10 (0.5) 12 (0.5) 13 (0.33) 9 (0.2) 12 (0.35) 14 (0.25) 15 (0.37)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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