Determine the optimum preventive maintenance frequency for each of the pieces of equipment if breakdown time is normally distributed: Clearly label your calculations and describe using course related principles in 200 words.
|
Equipment |
Avg Time (days)between breakdowns |
Standard Deviation |
Equipment |
Preventive Maintenance Cost |
Breakdown Cost |
|
| A201 | 20 | 2 | A201 | $300 | $2300 | |
| B400 | 30 | 3 | B400 | $200 | $3500 | |
| C850 | 40 | 4 | C850 | $530 | $4800 |
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