A factory has three machines that are continuously operating except when they break down. Each machine...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A factory has three machines that are continuously operating except when they break down. Each machine can produce 800 parts/day. However they breakdown frequently at a rate of 0.75 breakdown per machine per day and a dedicated person can repair a machine in 1/3 day. What is average production rate of the factory. Solve using Markov Chain method. A factory has three machines that are continuously operating except when they break down. Each machine can produce 800 parts/day. However they breakdown frequently at a rate of 0.75 breakdown per machine per day and a dedicated person can repair a machine in 1/3 day. What is average production rate of the factory. Solve using Markov Chain method.
Expert Answer:
Answer rating: 100% (QA)
nd 4 factery method is a Markov Ihain medel describing ... View the full answer
Related Book For
Mathematical Applications for the Management, Life and Social Sciences
ISBN: 9781337625340
12th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
Students also viewed these human resource management questions
-
A company has three machines that require maintenance attention. Four criteria are used to prioritize these machines to determine the order in which they will be serviced. The criteria are cost of...
-
A factory has three machines and two parallel identical repairmen. The failure time of each machine, independently of the other, is exponentially distributed. The time for a repairman to repair a...
-
A factory has three production lines producing glass sheets that are all supposed to be of the same thickness. A quality inspector takes a random sample of n = 30 sheets from each production line and...
-
A disadvantage of many profitsharing remuneration plans is that: Group of answer choices They align shareholders' and managers' objectives. They do not incentivize management to change their...
-
Bridgton Golf Academy is evaluating different golf practice equipment. The Dimple-Max equipment costs $94,000, has a three-year life, and costs $8,600 per year to operate. The relevant discount rate...
-
The following data show five items from the financial statements of three companies for a recent year (amounts in millions): Required A. Compute the rate of return on assets for each company....
-
Some investment professionals refer to LIFO inventory valuation as an earnings management tool, suggesting that LIFO allows a company to create a hidden earnings reserve on a companys balance sheet,...
-
Terry Lemay is unclear as to the difference between the balance sheets of a merchandising company and a manufacturing company. Explain the difference to Terry.
-
What is the average causal effect of the death of a leader on the polity scores of a country? (Please write a full sentence answering the question, including the assumption, why the assumption might...
-
Use the information contained below to compress one time unit per move using the least cost method. Assume the total indirect cost for the project is $2,000 and there is a savings of $100 per time...
-
The competitive power of a company resource or capability does not hinge on which one of the following? How hard it is for competitors to copy Whether many or most rivals have much the same resource...
-
Refer to the case study - F Mayer Imports, Hedging FX risks What are the key priorities of F Mayer Imports? What are the pros & cons of each proposed solutions in Exhibit 3? What is the optimal...
-
Jessie Mansfield, a certified radiologic technologist, was to be a witness in the case of Victoria Reismann v. the Manchester Connecticut Treatment Center. Attorney Lois Shayne was charged with the...
-
Gayane Corporation just issued a 20-year 12% semi-annual coupon bond. The bind is currently selling for $950 in the market. Suppose that the bond includes a call provision that allows the issuer to...
-
The National Consumer Commission (NCC) is currently investigating 'Lolli World & Co', the supplier of lollipops. The investigation commenced subsequent to the NCC receiving numerous complaints from...
-
5)Christina can afford to pay $230 a month for 6 years on a car loan. Given the interest rate is 7.9 percent, what amount she must borrow to make a purchase of the car?Holding the interest rate...
-
The cost data and production data for Krampus Company for the month of May are as follows: Cost Data: WIP - Beg: Materials P10, 400 13, 800 Conversion costs Cost added this month: Materials P120, 000...
-
Digital Fruit is financed solely by common stock and has outstanding 25 million shares with a market price of $10 a share. It now announces that it intends to issue $160 million of debt and to use...
-
In Problems, express each inequality or graph using interval notation and name the type of interval. 2 4 6 8 10 12
-
Find the future value of an ordinary annuity of $3000 paid quarterly for 5 years, if the interest rate is 6% compounded quarterly.
-
Graph the following functions. y = ln x
-
Consider a publicly-held company whose products you are familiar with. Some examples might include: Access the companys public website and search for its most recent annual report. (Note: Some...
-
The 2014 financial statements of LVMH Moet Hennessey-Louis Vuitton S.A. are presented in Appendix C of this book. LVMH is a Paris-based holding company and one of the worlds largest and best-known...
-
San Francisco Sea Salt's controller prepared the following statements of cash flow (in thousands of dollars) for the past two years, the current year (2020), and the upcoming year (2021): After...
Study smarter with the SolutionInn App