Ch%2014_p3

Ch 14_p3 - Problem 3 Section 14.11 Page 1 Chapter 14 Problem 3 Replacement cost 500Type=age at beginning of month avg Second policy Failure cost

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Unformatted text preview: Problem 3 Section 14.11 Page 1 Chapter 14 Problem 3 Replacement cost 500Type=age at beginning of month avg Second policy Failure cost 1000 cost replacing at beginning Policy Simtable #ADDIN? Planned Cost #ADDIN? of third month minimizes Replace from Total average monthly cost. Month Type Replace? Cost Fail? Failure Cost 1 0no #ADDIN? #ADDIN? #ADDIN? 2 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 3 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? Name Cell Sim Minimum Mean Maximum 4 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? Cost / cost G4 1 484.85 586.36 757.58 5 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? Cost / cost G4 2 242.42 400.38 621.21 6 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? Cost / cost G4 3 227.27 424.48 666.67 7 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 8 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 9 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 10 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 11 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 12 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 13 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 14 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 15 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 16 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 17 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 18 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 19 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 20 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 21 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 22 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 23 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 24 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 25 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 26 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 27 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 28 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 29 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 30 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 31 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 32 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? 33 #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? #ADDIN? A B C D E F G H I J K L M N 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Page 2 of 7 Simulation Summary Summary Information Workbook Name Ch 14_p3.xls Number of Simulations 3 Number of Iterations 1000 Number of Inputs 100 Number of Outputs 1 Sampling Type Latin Hypercube Simulation Start Time 2/23/2010 13:26 Simulation Stop Time 2/23/2010 13:26 Simulation Duration 00:00:10 Random Seed 1214804742 Output Statistics Name Cell Sim Minimum Mean Maximum x1 p1 x2 p2 Cost / cost G4 1 484.85 586.36 757.58 484.85 2.50% 696.97 97.50% Cost / cost G4 2 242.42 400.38 621.21 303.03 5% 515.15 95% Cost / cost G4 3 227.27 424.48 666.67 318.18 5% 545.45 95% Input Statistics Name Cell Sim Minimum Mean Maximum x1 p1 x2 p2 Policy Simtable C4 1 1 1 1 1 2.50% 1 97.50% Policy Simtable C4 2 2 2 2 2 5% 2 95% Policy Simtable C4 3...
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This note was uploaded on 05/09/2010 for the course MD 605 taught by Professor Silks during the Fall '10 term at box.

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Ch 14_p3 - Problem 3 Section 14.11 Page 1 Chapter 14 Problem 3 Replacement cost 500Type=age at beginning of month avg Second policy Failure cost

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