Please help to solve 2. Consider an inventory system which the sequence ofevents during each period is as follows.i. We observe the inventory level (call it ) at thebeginning of the period.ii. If units are ordered. If 0 units are ordered.Delivery of all ordered units is immediate.iii. With probability 1/3, 0 units are demandedduring the period: with probability of 1/3, 1 unit isdemanded during the period; and with probability1/3, 2 units are demanded during the period.iv. We observe the inventory level ay the beginningof the next period.a) Defines a period state to be period's beginninginventory level. Determine the transition matrixdiagram that could be used to model thisinventory system as a Markov chain.b) Obtain the probability of all states 3 periodsfrom now.

Answered: 2. Consider an inventory system which…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X = the number of months between successive payment
The savings (in percentage of salary) of 50 randomly selected persons are given as follows: City A 9 5 11 8 5 6 2 13 11 10 3 4 4 6 11 5 6 17 9 10 16 3 16 13 7 10 2 7 1 3 12 14 8 3 8 7 2 10 17 12 9 13 5 4 3 28 11 2 3 5 City B 18 13 21 16 12 14 7 23 20 19 9 10 10 14 21 12 14 29 19 20 27 9 27 23 14 19 7 15 5 9 22 25 16 8 17 15 7 19 28 23 17 23 13 10 9 42 21 6 8 12 Analyse the data to study the pattern of savings of salaried persons in two cities. Use appropriate graphs and measures to draw conclusions. Also draw box-whisker plot to compare the two distribution
An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X = the number of months between successive payments.
Ghana COCOBOD’s Cocoa Clinic® offers health delivery services to employees of the Ghana Cocoa Board and to the general public. The OPD service process typically includes five activities that are conducted by five different personnel in the sequence described below1, with their activity times in parenthesis: Activity # 1. Welcome patient and retrieve patient’s record (13 minutes) 2. Take vitals (08 minutes) 3. Consult the medical doctor (12 minutes) 4. Make payment at cash office (10 minutes) 5. Receive medications from pharmacy (15 minutes) 1. What is the process utilization?2. What is the cycle time in minutes?3. What is the idle time per unit at the nurse taking the vitals?
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The following question is on statistics. An automatic car wash takes exactly 5 minutes to wash a car. On average, 10 cars per hour arrive at the car wash. Suppose that 30 minutes before closing time, 5 cars are in line. If the car wash is in continuous use until closing time, is it likely anyone will be in line at closing time?
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Construct a set S whose accumulation points are precisely the set N.

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