MGMT 420 Embry Riddle Aeronautical Machine Time Between Failures Worksheet – Assignment Help

I’m working on a management multi-part question and need an explanation to help me understand better.

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As you have learned from your reading, knowing when a part or system will fail is important for a company. Meantime between failures (MTBF) is the expected time between failures of a part, process, or system and is a common matrix for a firm to use to understand how often a failure will occur.

Assume that you are the manager of a production line and are responsible for keeping the machines running 24 hours per day, 365 days per year. When a machine breaks, it must be repaired and put back onto operation as soon as possible. The problem is that your machines are always breaking down, and you really do not have a good understanding of how often a machine breaks down.

Hint: For this assignment, you will NOT be using the OM software but should use Excel to work the problem.

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