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Hello everyone.
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Today we're going to be talking about a statistics problem that a company is having due to its budget.
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Its budget is $2 million.
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It's a huge pump manufacturing company.
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It has over 70 things of equipment that are not more than 10 years old.
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The company can only budget $2 million for maintenance activities per year.
00:31
Sorry, doesn't equal greater than an year.
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The average time on their equipment, and it's approximately six months.
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They record with a lady in a book.
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They have to attend to matters when it breaks down, et cetera, et cetera.
00:54
So it goes on to explain everything in the prompt.
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To identify the problems, we're going to first go through problems in the current maintenance process.
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One, they are not recorded appropriately, systematically.
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So they need to record things better.
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There's a few other problems that i've identified from ringing the prompt.
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So make sure you read the prompt.
01:24
There's a long downtime due to unavailability of spare parts...