e). A certain piece of equipment is inspected at the end of each day and classified as just overhauled, good, fair or in

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E A Certain Piece Of Equipment Is Inspected At The End Of Each Day And Classified As Just Overhauled Good Fair Or In 1 (51.73 KiB) Viewed 50 times

e). A certain piece of equipment is inspected at the end of each day and classified as just overhauled, good, fair or inoperative. Let us denote the four classifications as states 1,2 , 3 and 4 respectively. If the item is inoperative it is overhauled, a procedure that takes one day. assume that the working condition of the equipment follows a Markov process with the following state transition matrix Tomorrow  [today] ⎣⎡​0001​3/41/200​1/41/21/20​001/20​⎦⎤​ It costs Kshs. 125000 to overhaul machine on the average and Kshs. 75000 is lost in production, if a machine is found inoperative. Use the steady state to compute the expected per day cost of maintenance.