Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Make the formulation in dynamic programming of the problem

Make the formulation in dynamic programming of the problem

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question

2. An electronic device has three components. Those components are in series, so the failure of one causes the failure of the device. The reliability (probability that there is no fault) the device can be improved by installing one or two drives reserve in each component. The following table shows the reliability r and the cost c (see image). The capital available for the manufacture of the device is $10,000. How should the device be manufactured? Make the formulation in dynamic programming of the problem. Hint: The objective is to maximize reliability, that is, the function is multiplicative, not additive.

number of units in parallel 1 2 3 r1 C1 12 C2 T3 0.6 1000 0.7 3000 0.5 0.8 2000 0.8 5000 0.7 0.9 3000 0.9 6000 0.9 C3 2000 4000 5000
Transcribed Image Text:number of units in parallel 1 2 3 r1 C1 12 C2 T3 0.6 1000 0.7 3000 0.5 0.8 2000 0.8 5000 0.7 0.9 3000 0.9 6000 0.9 C3 2000 4000 5000
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS