Explain why Maintenance and Reliability are considered strategically important?
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Explain why Maintenance and Reliability are considered strategically important?
Insufficient maintenance can have adverse consequences; it tends to be troublesome and costly, as well as exceptionally inefficient. Reliability management upgrades the exhibition of the firm and safeguards its speculations. The target of maintenance and reliability is to keep up with the capacity of the framework. Continuous maintenance eliminates fluctuation.
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- Explain the concept of system reliability and its importance in critical infrastructure. Provide an example of a system where high reliability is crucial.How do reliability and safety engineering principles differ in critical systems design?Explain the trade-offs between achieving high availability and system cost in the context of reliability engineering.
- How does system reliability relate to system availability, and why is this relationship important for businesses?Explain the concept of system reliability and its importance in critical infrastructure. What are some common metrics used to measure system reliability?Define system reliability and its importance in various industries
- What factors are used to determine the network's reliability?In the context of service engineering, why is it important to define exceptions?You are hired as a consultant for Cool Zone Inc. The company currently has a 1-year contract for the production of 200,000 fuse-plugs for a new state of the art off-road vehicle. With an increasing demand for these vehicles, The owner however, hope that the contract will be extended which will result in increased volume next year. Cool Zone has developed cost for 3 alternatives namely: General-Purpose Equipment (GPE), Flexible manufacturing System (FMS) and expensive but market dominant machine (DM). The cost associated with labour, raw materials and equipment per unit produced is as follows: GPE is $15, while DM and FMS have an associated cost of $13 and $14 respectively. The cost associated with FMS is $200,000, GPE $ 100,000 and DM $500,000 respectively. Regardless of the decision made, the company has to produce a total of 200,000 fuse plugs. (a) Based on the information above, which is the best option for the contract? What technique was used to determine your answer? Provide an…