Principles of Operations Management: Sustainability and Supply Chain Management (10th Edition)
Principles of Operations Management: Sustainability and Supply Chain Management (10th Edition)
10th Edition
ISBN: 9780134181981
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
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Chapter 17, Problem 15P
Summary Introduction

To determine: The reliability of the system.

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A typical retail transaction consists of several smaller steps, which can be considered components subject to failure. A list of such components might include:                                            Let the eight probabilities of success be .92, .94, .99, .99, .98, .97,.95, and .96. What is the reliability of the system; that is, the probabilitythat there will be a satisfied customer? If you were the storemanager, what do you think should be an acceptable value forthis probability? Which components would be good candidatesfor backup, which for redesign?
A typical retail transaction consists of severalsmaller steps, which can be considered components subject tofailure. A list of such components might include: Let the eight probabilities of success be .92, .94, .99, .99, .98,.97, .95, and .96. What is the reliability of the system; thatis, the probability that there will be a satisfied customer? Ifyou were the store manager, what do you think should bean acceptable value for this probability? Which componentswould be good candidates for backup, which for redesign?
A product engineer has developed the following equation for the cost of a system component: C = (10P) 2, where C is the cost in dollars and P is the probability that the component will operate as expected. The system is composed of two identical components, both of which must operate forthe system to operate. The engineer can spend $173 for the two components. To the nearest two decimal places, what is the largest component probability that can be achieved?
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