A Department Has Five Machines That Each Run for an Average

question 71

Essay

A department has five machines that each run for an average of 8.4 hours (exponential) before service is required. Service time average is 1.6 hours (exponential).
(A) While running, each machine can produce 120 pieces per hour. With one server, what is the average hourly output actually achieved?
(B) With two servers, what is the probability that a machine would be served immediately when it requires service?
(C) If machine downtime cost is $100 per hour per machine, and server time costs $30 per hour, how many servers would be optimal?

Understand the different types of powers of attorney and their roles in medical and financial decision-making.

Recognize the fundamental elements required for the creation and failure of trusts.

Comprehend the importance of advance health directives and living wills in medical decisions.

Identify the legal implications of trustees' actions and state statutes on trust investment.

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Definitions:

Multidomestic Strategy

A business strategy that involves a company adapting its products and marketing strategies to each country it operates in, treating each market as distinct.

National Market

A market that spans an entire country, encompassing all the geographical areas in which a product is sold.

Treated Equally

The principle or practice of giving the same treatment, opportunities, and respect to all individuals, regardless of differences.