A Product Design Team Is Preparing to Build a New

question 76

Essay

A product design team is preparing to build a new doohickey. A doohickey consists of one A module, one B module, and one C module. There are different versions of these modules available in the company's design library. For example, there are two choices for A: A1 is .99 reliable, while A2 is .975 reliable. The table below details the choices available, along with the cost of each choice.
$$\begin{array} { | l | l | l | } \hline \text { Module variation } & \text { Reliability } & \text { Cost, each } \\\hline \text { A1 } & .99 & \$ 17 \\\hline \text { A2 } & 975 & \$ 10 \\\hline \text { B1 } & 995 & \$ 4 \\\hline \text { B2 } & 992 & \$ 3 \\\hline \text { C1 } & 98 & \$ 2 \\\hline \text { C2 } & 90 & \$ 0.50 \\\hline \text { C3 } & 60 & \$ 0.25 \\\hline\end{array}$$ Help the design team by selecting the least costly version of a doohickey that has system reliability of at least .96. Draw a schematic of your finished design.

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Definitions:

Normative

Pertaining to norms or standards, often referring to analyses or statements that express how things should be rather than how they are.

Positive Economic

Refers to economic theories or policies that lead to beneficial outcomes in terms of growth, employment, and living standards.

Federal Minimum Wage

The lowest hourly wage that an employer can legally pay their employees, as set by the federal government.

Unemployment

The state of being without a job while actively looking for employment.