Exercise 11.51.xlsx - Inputs The results shows that individual replacement is much cheaper in terms o Mean 100 Shutdown cost Drill bit cost Replacement

Exercise 11.51.xlsx - Inputs The results shows that...

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InputsMean100Shutdown cost$100Total cost$ 9,600.00 Drill bit cost$50cost per hour$ 4.80 Replacement cost per bit$10SimulationCurrent time0$0.00100100100100$160200100100100$160200200100100$160200200200200$160300200200200$160300300200200$160300300300300$160400300300300$160400400300300$160400400400400$160500400400400$160500500400400$160500500500500$160600500500500$160600600500500$160600600600600$160700600600600$160700700600600$160700700700700$160800700700700$160800800700700$160800800800800$160900800800800$160900900800800$160900900900900$1601000900900900$16010001000900900$1601000100010001000$1601100100010001000$160110011001000Cost of individual replacement at this timeTime when bit 1 fails nextTime when bit 2 fails nextTime when bit 3 fails nextThe results shows that individual replacement is much cheap
1000$1601100110011001100$1601200110011001100$1601200120011001100$1601200120012001200$1601300120012001200$1601300130012001200$1601300130013001300$1601400130013001300$1601400140013001300$1601400140014001400$1601500140014001400$1601500150014001400$1601500150015001500$1601600150015001500$1601600160015001500$1601600160016001600$1601700160016001600$1601700170016001600$1601700170017001700$1601800170017001700$1601800180017001700$1601800180018001800$1601900180018001800$1601900190018001800$1601900190019001900$1602000190019001900$1602000200019001900$1602000200020002000$1602100200020002000$1602100210020002000$1602100210021002100$1602200210021002100$1602200220021002100$1602200220022002200$1602300220022002200$1602300230022002200$1602300230023002300$1602400230023002300$160240024002300

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