A population of 30 chemical processing units is to be sampled by a two-person crew. The mean time between calls for this operation is 68 minutes. If the mean service rate is one unit per minute, the cost of the crew and instruments will be $16 per minute. This cost will decrease to $12, $9, and $7 for service intervals of 2, 3, and 4 minutes, respectively. The time between calls for service and the service duration are distributed exponentially. If lost profit is $28 per hour for each unit that is idle, find the minimum cost service interval.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
23. A population of 30 chemical processing units is to be sampled by a two-person crew. The
mean time between calls for this operation is 68 minutes. If the mean service rate is one
unit per minute, the cost of the crew and instruments will be $16 per minute. This cost will
decrease to $12, $9, and $7 for service intervals of 2,3, and 4 minutes, respectively. The time
between calls for service and the service duration are distributed exponentially. If lost
profit is $28 per hour for each unit that is idle, find the minimum cost service interval.
Transcribed Image Text:23. A population of 30 chemical processing units is to be sampled by a two-person crew. The mean time between calls for this operation is 68 minutes. If the mean service rate is one unit per minute, the cost of the crew and instruments will be $16 per minute. This cost will decrease to $12, $9, and $7 for service intervals of 2,3, and 4 minutes, respectively. The time between calls for service and the service duration are distributed exponentially. If lost profit is $28 per hour for each unit that is idle, find the minimum cost service interval.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman