Chem-Tex Chemical is considering two additives for improving the dry-weather stability of its low- cost acrylic paint. Additive A has a first cost of $110,000 and an annual operating cost of $60,000. Additive B has a first cost of $175,000 and an an- nual operating cost of $35,000. If the company uses a 3-year recovery period for paint products and a MARR of 20% per year, which process is economically favored? Use an incremental ROR analysis.
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- At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 = average; 4 = bad. The weekly revenue earned by a machine in state 1, 2, 3, or 4 is 100, 90, 50, or 10, respectively. After observing the condition of the machine at the beginning of the week, the company has the option, for a cost of 200, of instantaneously replacing the machine with an excellent machine. The quality of the machine deteriorates over time, as shown in the file P10 41.xlsx. Four maintenance policies are under consideration: Policy 1: Never replace a machine. Policy 2: Immediately replace a bad machine. Policy 3: Immediately replace a bad or average machine. Policy 4: Immediately replace a bad, average, or good machine. Simulate each of these policies for 50 weeks (using at least 250 iterations each) to determine the policy that maximizes expected weekly profit. Assume that the machine at the beginning of week 1 is excellent.Volumetric Glassware: Utility and Calibration (Dry Lab) Table B1: Calculation of a 100-mL Volumetric Flask. temperature of the Distilled H2O (°C) 27 density of distilled H2O at calibration temperature mass (g) of volumetric flask + distilled H₂O Trial 1 198.5893 Trial 2 198.6114 Trial 3 mass (g) of dry volumetric flask 98.6563 98.7503 198.6001 98.7145 mass (g) of distilled H₂O m true g calculated volume of water dispensed, cm³ corrected volume, V20 °c, cm³ average corrected volume, V20 °C, cm³ standard deviation (4 sig figs) %RSD (2 sig figs)Classify the following risks into variation, foreseen uncertainty, unforeseen uncertainty, and chaos:a. A hurricane on the U.S. East Coast floods a regional warehouse destroying alarge amount of stock
- What are the expected number of yearly breakdownsfor the power generator at Orlando Utilities that has exhibited thefollowing data over the past 20 years?Isidel the below Causal diagram: D Which variables must necessarily be controlled for to identify the effect of X on Y? Do not select variables to control for unless they are necessary to identify effect. OB O It's not possible to identify the effect of X on Y OYSCENARIO A: A woodcutting operation has a target (nominal) value of 200 inches and consistently averages 200.1 inches with a standard deviation of .05 inches. The design engineers have established an upper specification limit of 200.25 and a lower specification limit of 199.75 inches. The process capability ratio, Cp, of the operation is: Group of answer choices a Less than 1 b Greater than or equal to 1 but less than 1.25 c Greater than or equal to 1.25 but less than 1.5 d Greater than or equal to 1.5 but less than 1.75 e Greater than or equal to 1.75 but less than 2 f Greater than or equal to 2
- 42. A large national producer of appliances has traced customer experience with a popular toaster oven. A survey of 5,000 customers who purchased the oven early in 2000 has revealed the following: nd ity Number of Year Breakdowns 2000 188 2001 58 2002 63 2003 72 2004 54 2005 71 a. Using these data, estimate på = the probability that a toaster oven fails in its kth year of operation, for k = 1, . . . , 6. b. What is the likelihood that a toaster oven will last at least six years without failure based on these data? c. The discrete failure rate function has the form r; = Pr/Rp–1, where Rỵ is the prob- ability that a unit survives through period k. Determine the failure rate function for the first five years of operation from the given data. d. Suppose that you purchased a toaster oven at the beginning of 2004 and it is still operating at the end of 2007. If the reliability has not changed appreciably from 2000 to 2007, use the results of part (c) to obtain the probability that it will…Is there any value in having the option of using an FMS?Problem 6-2 (Algo) Rachel loves to bake cookies, but she has an old oven that has trouble maintaining a constant temperature. If the acceptable temperature range for making the cookies is 350 plus or minus 10 degrees, what is the allowable standard deviation in the temperature of her oven in order to achieve a Six Sigma level of quality? Note: Round your answer to 3 decimal places. Standard deviation degrees
- 1. There are two approaches to the implementation of ERM, namely the measurement driven approach and the process-control approach. What is the focus of the measurement driven approach in implementing ERM? 2. Write a small paragraph on the concept of maximum foreseeable loss (MFL) and its significance in risk management. Question 2 1. Distinguish between the.'Maximin', 'Maximax·• and the 'Minimax regret' decision strategy. 2. Determining the size or quantum of a possible loss provides a backdrop against which efforts to manage the risk can be measured .Highlight the measures used to enhance the description of possible loss more accurately1. Tabulate the differences and similarities between the compliance & choice safetym measuring device.Q11) In the visual-fit method, the cost analyst visually fits a straight line through a plot. Select one: True False