Unformatted text preview: The production manager has complained that some of the robots wear out within a year or two of acquisition, while others seems to go on forever. He has enlisted your services to address long-range planning difficulties presented by such seemingly random failures. You have observed that the propensity to wear out appears to decay exponentially as the robots survive, and therefore the “force of wear out” is of the form μ t = a e-bt where t is the number of years since “x” purchase and a and b are constants. Further, the production manager has told you that, of 200 newly purchased robots, he expects 50 to wear out in the first year and another 20 in the second year. Calculate the probability of wear-out during each of the first five years. 4. Aitken (Page 47) – Exercises 2-6 and 2-7 (assume the salary increases in accordance with the salary scale)...
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- Winter '07
- Dividends, production manager, 1925, dividends Benefits Fees