Explain what is the long-term probability, Operation Management

Assignment Help:

A copy machine is always in one of two states, either working or broken. If it is working, there is a 70% chance that it will be working tomorrow. If it is broken, there is a 50% chance it will still be broken tomorrow. Assume that one day is a natural time step.

(a) Draw a state diagram for the process and formulate the transition matrix

(b) Assuming the machine is working today, what is the probability that it will be working tomorrow? After one week? After one month?

(c) What is the long-term probability that the copy machine will be working on any given day?


Related Discussions:- Explain what is the long-term probability

Explain organizational culture corporate responsibility, How do you think m...

How do you think management changed over the years in respect to the following? Organizational culture Corporate responsibility and ethics Culture and diversity conflicts

Ethical organizations are founded through ethical leadership, Discuss how e...

Discuss how ethical organizations are created through ethical leadership and organizational structures and systems.

Attributes - statistical process control, Attributes - Statistical Process ...

Attributes - Statistical Process Control On the other hand, some processes have outputs with attributes to be controlled where counting the number of defects is more appropria

Explain typical complaints, Do results from the survey illustrate typical c...

Do results from the survey illustrate typical complaints about teams and specifically about team incentive rewards?

State the perpetual inventory control systems, State the Perpetual inventor...

State the Perpetual inventory control systems Continuous (Perpetual) Inventory Control Systems: Stock levels are continually monitored and reviewed within ‘real-time’ and

Explain disadvantages of giving teams a lot of autonomy, Using terms from t...

Using terms from this chapter, how would you characterize the teams at ICU Medical Inc.? What are some advantages and disadvantages of giving teams a lot of autonomy to make decisi

Explain what design capacity would be needed, In a job shop, effective capa...

In a job shop, effective capacity is only 50% of design capacity, and actual output is 80% of effective output. What design capacity would be needed to achieve an actual output of

Explain what is a marketing plan, What is a marketing plan? Why is it impor...

What is a marketing plan? Why is it important for firms to develop their product/service marketing plan in writing? What are the essential components of a well-balanced marketing p

Key issues when implementing an erp system, 1. Discuss how you interpret th...

1. Discuss how you interpret the statement 'ERP is the 'meat and potatoes' of the organisation'.  2. What are the key issues when implementing an ERP system?  3. How will tra

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