Business, 21.02.2020 00:06, Geo777

Failsafe Textiles employs three highly skilled maintenance workers who are responsible for repairing the numerous industrial robots used in its manufacturing process. A worker can fix one robot every eight hours on average, with an exponential distribution. An average of one robot fails every three hours, according to a Poisson distribution. Each down robot costs the company $100.00 per hour in lost production. A new maintenance worker costs the company $80.00 per hour in salary, benefits, and equipment. Should the manager hire any new personnel? If so, how many people? What would you recommend to the manager, based on your analysis?

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Failsafe Textiles employs three highly skilled maintenance workers who are responsible for repairing...