EngineeringEconomy

❤

🙏

I deserve an explanation

How can I gave you the correct answer if I can't even understand the question in the first place? Ahhahahaha

Then understand the question first 😂 Char hahaha helpless me

Sagutan mo hahaha

Ay? Need sagutan?😂

I deserve an acceptable reason

Char

I was hoping that you'd read it though.

I hope that someone knowledgeable in econ would answer though 😞

Yeah. @ashma and @charlotte , mind telling us your thoughts about this?

Actually I didn't get, in what terms you're expecting answer @ladyhanabi so I just answer what I feel correct & easy to explain here in comments 😅

So as the new equipment has 40% higher MTBF then the number of breakdowns or failures in equipment will be less and the equipment be functional for more hours. So it improves & contiunes the production/process of usability of that equipment. And time is definitely a gold in productions or in industries.

Along with higher usages the increased MTBF will also cut off the maintenance cost & also the MTTR i.e the 'mean time to repair'. So double benefits 🤪

As high MTBF will affect only for unexpected maintenance the normal scheduled maintenance has to be done.

Along with those direct impacts the new equipment will also helps with other things like in failure codes, maintenance strategy and helps to avoid costly breakdowns.

So what I'm trying to say for non technical people here is, the new equipment is good 🤣

Hope I've answered relevantly, did I ?

And Special thanks to @Yayaya13 for mentioning me here & also waiting for @charlotte 's answer.

Hash I'm tired now, good night 🌃

How can i even answer when you clearly stated the good point haha. Of course i agree. An increase of 40% is no joke, you can actually save money for the maintenance, and also save time. If we're also talking about the efficiency, even if the new product will cost higher than the previous one, it's economically wise to use the new one since it'll give more advantages to the economy and the whole world charrot hahah😂.

Actually it'll cost lesser to produce a product and I think economy grows when there's balanced relation between the potential purchase ability of a buyer and the price. I'm going to buy a product which costs higher and higher product prices won't help country's economy to grow but the higher purchasing ability of a citizen helps.

What i actually mean is the new equipment, though it'll cost higher than the previous one, it's still good since the maintenance cost will be less and the efficiency will be high, thus making the product cost less (as you stated)

Ohh 😝 you mentioned 'new product will cost high' that's why I got confused. Well I'm still waiting for @ladyhanabi reply, the questionnaire 😅

Sorry for that hahah

My bad... But that's really great chitchat on some technical topics 😅

Haha yes, i never thought I'll be able to talk with you bout a topic like this, you're more like a pro on this one haha

Nah, I'm not pro. I just love to explore technical things and it's became my hobby. That's why I read things, that's it, pro Nah 😕 I prefer explorer 🤣 & I think you've also a good knowledge in this

Ashma the explorer haha you're good in your hobby😌

🙏🤪

I see. So the relationship between the increase of MTBF is inversely proportional to the maintenance cost and MTTR. It's a very clear explanation. Thanks @Ashma

You're welcome @OverThinker

Tho natawa ako don sa isa pang nag comment

Delete ko na tong post I'm scaredy cat

Hahaha. Ikaw bahala dear.