A restaurant located in area that has frequent power outages has a generator to run its refrigeration equipment in case of a power failure. The local power company has a reliability of 0.97, and the generator has a reliability of 0.90 (slide 9, Reliability power point). What is the probability that the restaurant will have power?
A machine has two buttons. In order for the machine to function, both buttons must work. One button has a probability of working of 0.95, and the second button has a probability of working of 0.88 (slide 6, Reliability power point). What is the probability of the machine to work?
Distinguishing products that are relatively predictable and unpredictable and organizing production schedule is called?
c.Just in time inventory management