Question: A flow control system has a Weibull distributed time to failure with a characteristic life of 10,000 hours, and a shape factor of 3.3. Simulate
A flow control system has a Weibull distributed time to failure with a characteristic life of 10,000 hours, and a shape factor of 3.3. Simulate 10,000 iterations of the time to failure of this control system. The control system is replaced after 5,500 hours, so if the failure is simulated to occur after 5,500 hours, then assume that will be a scheduled replacement, and no consequences will occur (consequences = $0). For those failures that occur before 5,500 hours, there are non-zero financial consequences. The financial consequences of failures before that time are described by the equation , where is a random number with a Poisson distribution with parameter, . In a table, describe how many times consequences of various levels occurred.
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