Subject category:
Production and Operations Management
Published by:
Cranfield School of Management
Length: 3 pages
Data source: Generalised experience
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Abstract
The case involves determination of the optimum interval between resetting for a machine producing shafts. The cost of downtime must be balanced against the cost of scrap. Solution of the problem requires the students to combine their knowledge of sampling theory, the normal distribution and regression analysis.
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Abstract
The case involves determination of the optimum interval between resetting for a machine producing shafts. The cost of downtime must be balanced against the cost of scrap. Solution of the problem requires the students to combine their knowledge of sampling theory, the normal distribution and regression analysis.