Dublin City University MS002 Assignment: Machine Breakdown Analysis
VerifiedAdded on 2022/08/12
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Homework Assignment
AI Summary
This assignment provides a detailed analysis of machine breakdowns, simulating the occurrences and repair times over a twenty-week period. It utilizes probability distributions and random numbers to model the frequency of breakdowns and the duration of repairs. The simulation calculates the average number of breakdowns per week and the average weekly repair time. Furthermore, the assignment assesses the financial implications by determining the average weekly breakdown costs and evaluating the potential benefits of a preventive maintenance program. The analysis compares the costs with and without the program, leading to a decision regarding its adoption. The solution demonstrates the application of simulation techniques in business modeling to optimize maintenance strategies and minimize costs, and the document concludes that the company should not initiate the adoption of preventive maintenance program as it will incur extra weekly cost.
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