Marketing department of the certain firm predicts that 1,000,000 units of the certain product will be sold annually. Firm works two eight-hour shifts 5 days per week and shuts down 2 weeks per year. Plant runs at 97% efficiency and 10% is permitted for PFD. 3% defective finished parts are made historically.
i) Find number of units to be made per day.
ii) Find plant production rate in pieces per minute.
iii) Compute equipment fractions (3 decimal places) needed for the process with the capacity of 1500 pieces per hour and reliability of 98%.