In the following situation, should one machine be purchased and operated 24 hours a day, or should three machines be bought and operated 8 hours? The machine cost $ 95000 with an economic life of 10 years.The 24 operation is really only 96% efficiency because of maintenance and repair activities.Labor is paid in full no matter how many hours they work in each shift.First shift operators get $ 10, second shift operators get $ 12, and third shift operators get $ 14 per hour. With regular one-shift production, the company does not pay for lunch so it gets 8 hours’ work for 8 hours’ pay.Since the plan is to work 5 days a week, what action would you take? Discuss your findings.

Answered: the following situation, should one…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Related questions

Question

In the following situation, should one machine be purchased and operated 24 hours a day, or should three machines be bought and operated 8 hours?

The machine cost $ 95000 with an economic life of 10 years.
The 24 operation is really only 96% efficiency because of maintenance and repair activities.
Labor is paid in full no matter how many hours they work in each shift.
First shift operators get $ 10, second shift operators get $ 12, and third shift operators get $ 14 per hour.

With regular one-shift production, the company does not pay for lunch so it gets 8 hours’ work for 8 hours’ pay.

Since the plan is to work 5 days a week, what action would you take? Discuss your findings.

Expert Solution

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Inequality$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.

Similar questions