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During any minute, a computer device is either in a busy mode or in an idle mode. A busy mode is followed by an idle mode with probability 0.1. An idle mode is followed by a busy mode with probability 0.6.
(a) What is the 1-step transition matrix?
(b) Suppose that the device was in idle mode at 10:00 a.m. What is the probability that it will be busy at 10:02 a.m.?
(c) Suppose that the device was in idle mode at 10:00 a.m. today. Approximate the probability that it will be busy at noon tomorrow via steady state.
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Assigment: This is a very simple assignment. I want you to look at the supply chain design of the organization you are examining and answer the following questions.
Identify four different methods of forecasting and discuss the advantages and disadvantages of each method. Give examples of how each method can best be used.
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