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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
Explain the impact that batch size has on flow. Explain why the EOQ formula works.
A freshman college student, who owns a car, plans to buy a motorcycle. The student expects to save an increasing amount of money on travel every year he is in college, as he will m
A Trial Balance discloses how many types of errors? A Trial Balance discloses errors that are given below: i) An item posted double. ii) A mistake into posting.
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given 10 marks in the matrix below. Determine the optimal assignment. Which operator will have no a
factor internal and external influence forecasting
Solve the following problem using either the graphical or the simplex LP method. Max: 2X1 + 6X2 s.t. 2X1 + 2X2 ? 10 1X1 + 4X2 ? 8 X1, X2 > 0
Given this information: Expected demand during lead time = 300 units Standard deviation of lead time demand = 30 units Determine each of the following, assuming that lead time dema
eloberate manufacturing process technology with its types. project,jobshop,batch,assembly line,contineous..?
Explain advantages of budgets. Advantages of Budgets: (i) Actions plans and policy taken are all reflected into the budgetary control system. Now here is a formal recognit
. Define international marketing and furnish its features
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