Construct a markov chain and its steady-state probabilities, Operation Management

Assignment Help:

Suppose that at any period of time a photo-copier machine can either be working properly, in need of maintenance, in need of minor repair, or in need of major repair. If the photocopier is working, the chances that it will require maintenance, minor repair, or major repair in the next time period are respectively 0:15, 0:05, 0:03. Assume that the probability that the maintenance is successfully done in the next period is 1, the probability that the minor repair is successfully done in the next period is 0:8, and the probability that the major repair is successfully done in the next period is 0:5. Construct a Markov Chain and its steady-state probabilities that would allow you to answer the following question: If the owner of the photocopier has to pay $10 for every period that it is not working properly, what is the expected cost per period of the photocopy


Related Discussions:- Construct a markov chain and its steady-state probabilities

Explain concept of sustainability in operations management, Explain the con...

Explain the concept of sustainability in operations management. The concept of sustainability within operations management: Sustainability in operations management is regarding

Explain role in establishing a canadidate''s brand, How does the use of mus...

How does the use of music in political play a role in establishing a canadidate's brand?

Explicitly explain the role you will take as chair, 1. When a group wants t...

1. When a group wants to achieve a consensus or unanimous decision, the responsibility of the chair is to be constantly attentive to the group process. Identify which of the pointe

Depict a decision tree for problem, A manager is trying to decide whether t...

A manager is trying to decide whether to build a small medium, or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.25, 0.40, and 0.35,

Explain what are the minimum and maximum cycle times, An assembly line with...

An assembly line with 17 tasks is to be balanced. The longest task is 2.1 minutes, and the total time for all tasks is 23 minutes. The line will operate for 480 minutes per day. a.

Supply chain management, explain the extend to which SCM is applicable to a...

explain the extend to which SCM is applicable to a service operation like Cruise int.

Supply chain management, What are the pros and cons of Varying workforce st...

What are the pros and cons of Varying workforce strategy

Process Technology, what are the types of process technologies that can be ...

what are the types of process technologies that can be applied to the problems experienced in registration centers at school and how can they be integrated ?

Compute the value of the policy variable, You are asked to analyze the kanb...

You are asked to analyze the kanban system of LeWin, a French manufacturer of gaming devices. One of the workstations feeding the assembly line produces part M670N. The daily deman

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd