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

Discuss the validity of losing control of fulfilment, Discuss the validity ...

Discuss the validity of the following statement: "Using third-party fulfilment means losing control of fulfilment

Describe the idea that an information system, Discuss the idea that an info...

Discuss the idea that an information system by itself can rarely provide a sustainable competitive advantage?

Find the probability that both service clerks are busy, Discounts Wholesale...

Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes. The service time at

Determine a transportation schedule, Question: A company has to make pr...

Question: A company has to make product deliveries from one of its four warehouses to customers in three areas. The table below shows the transportation costs (Rs) per product,

Explain a recruitment process, Describe a recruitment process that would pr...

Describe a recruitment process that would provide a pool of pre-qualified candidates for the seven open trainer positions.

Mis, Discuss three (3) major challenges that typically users face in buildi...

Discuss three (3) major challenges that typically users face in building and/or using information systems AND elaborate the ways to overcome those challenges

Explain the service organization worry about world class, Why should a serv...

Why should a service organization worry about being world class if it does not compete outside its own national border? What impact does the Internet have on this?

Explain disadvantages of division of labour, Explain disadvantages of Divis...

Explain disadvantages of Division of Labour. (i) Division of labour provide rise to loss of craftsmanship, all workers become Machine -minders and nothing else. (ii) Along w

Explain what is the firm''s break-even point in sales dollars, You have dev...

You have developed the following income statement for the Hugo Boss Corporation. It represents the most recent year's operations, which ended yesterday. Sales $ 50,439,375 Va

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