Tiger Island Fabricators,which builds offshore oil platforms,has been experiencing problems with its profiling machine,a computer-driven device that cuts the ends of pipe so that it can be welded to another pipe,as shown in the data below.
Each time a machine breaks down,the company loses about $3,000.If the company implements preventive maintenance,it will be able to reduce the number of breakdowns to one per month.Preventive maintenance costs would be $500 a month.Is preventive maintenance a cost-effective option?
Definitions:
Vague Advice
is guidance that is not clear, specific, or practical, making it difficult to follow or implement.
Dependent Variable
The variable in a study that is expected to change as a result of variations in another variable, known as the independent variable.
Investigator
A person who carries out a formal inquiry or investigation, often in a professional context.
Empirical Approach
A method of inquiry that relies on direct observation and experiment to gather data and evidence.
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