Hey! I need some help solving this Operations Management problem. Thank you for your assistance! The fire department has a number of failures with its oxygen masks and is evaluating the possibility of outsourcing preventive maintenance to the manufacturer. Because of the risk associated with a failure, thecost of each failure is estimated at $2,400. The current maintenance policy (with station employees performing maintenance) has yielded the following history:DNumber of breakdowns0Number of years in which breakdowns occurred 4122 3354651a) The expected number of breakdowns per year with station employees performing maintenance =breakdowns per year (round your response to two decimal places).(round your response to two decimal places).b) The cost of the current maintenance policy = Expected number of breakdowns x Breakdown cost = $c) This manufacturer will guarantee repairs on any and all failures as part of a service contract. The cost of this service is $5,200 per year. Given this information, formaintenance theoption is the most economical option.

The fire department has a number of failures with its oxygen masks and is evaluating the possibility of outsourcing preventive maintenance to the manufacturer. Because of the risk associated with a failure, the cost of each failure is estimated at $2,400. The current maintenance policy (with station employees performing maintenance) has yielded the following history: Number of breakdowns Number of years which breakdowns occurred 0 4 1 2 3 2 3 5 4 5 6 1 a) The expected number of breakdowns per year with station employees performing maintenance = breakdowns per year (round your response to two decimal places). (round your response to two decimal places). b) The cost of the current maintenance policy = Expected number of breakdowns x Breakdown cost = $ c) This manufacturer will guarantee repairs on any and all failures as part of a service contract. The cost of this service is $5,200 per year. Given this information, for maintenance the option is the most economical option.

The fire department has a number of failures with its oxygen masks and is evaluating the possibility of outsourcing preventive maintenance to the manufacturer. Because of the risk associated with a failure, the cost of each failure is estimated at $2,400. The current maintenance policy (with station employees performing maintenance) has yielded the following history: Number of breakdowns Number of years which breakdowns occurred 0 4 1 2 3 2 3 5 4 5 6 1 a) The expected number of breakdowns per year with station employees performing maintenance = breakdowns per year (round your response to two decimal places). (round your response to two decimal places). b) The cost of the current maintenance policy = Expected number of breakdowns x Breakdown cost = $ c) This manufacturer will guarantee repairs on any and all failures as part of a service contract. The cost of this service is $5,200 per year. Given this information, for maintenance the option is the most economical option.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The fire department has a number of failures withits oxygen masks and is evaluating the possibility of outsourcingpreventive maintenance to the manufacturer. Because of the riskassociated with a failure, the cost of each failure is estimated at$2,000. The current maintenance policy (with station employeesperforming maintenance) has yielded the following history:Number of breakdowns 012345Number of years in whichbreakdowns occurred 431550This manufacturer will guarantee repairs on any and all failures aspart of a service contract. The cost of this service is $5,000 per year. a) What is the expected number of breakdowns per year with sta-tion employees performing maintenance? b) What is the cost of the current maintenance policy?c) What is the more economical policy?
The fire department has a number of failures with its oxygen masks and is evaluating the possibility of outsourcing preventive maintenance to the manufacturer. Because of the risk associated with a failure, the cost of each failure is estimated at $2,200. The current maintenance policy (with station employees performing maintenance) has yielded the following history: Number of breakdowns 0 1 2 3 4 5 Number of years in which breakdowns occurred 5 3 1 4 6 2 a) The expected number of breakdowns per year with station employees performing maintenance = breakdowns per year (round your response to two decimal places).
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