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1. The distribution used to describe the time between failures which occur independently and at a constant rate, is the:
Response:
A) Exponential.
B) Log normal.
C) Weibull.
D) Gamma.
2. Which of the following techniques would you use to determine the cost effectiveness of a new production machine, amortized over 5 years of expected useful life ? Current warranty costs are $50,000/year for this production line.
The new machine plus associated costs will require a $150,000 investment, but warranty costs are projected to drop to $30,000/year. Consider that administrative overhead is 25%, the profit coefficient is 8%, and present worth is subject to 5% discounting.
Response:
A) Summed costs comparison.
B) Single payment compound amount factor analysis.
C) Return on investment analysis
D) Discounted net return analysis.
3. When parts are selected for a product in development, which of the following key elements should be considered first?
Response:
A) Cost
B) Availability
C) Application.
D) Serviceability
4. Specifically, up-time ratio is a measure of:
Response:
A) Maintenance action rate.
B) Hazard rate.
C) Availability.
D) Maintainability
5. Failure data are analyzed and a proportion of items survive to the end of the test. Data on these types of samples are referred as:
Response:
A) Non-parameter data.
B) Parameter data
C) Control data
D) Censored Data.
Solutions:
Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |
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