Question
2.10. Parts arrive at a painting machine according to a Poisson process with rate X/h. The machine can paint one part at a time.
2.10. Parts arrive at a painting machine according to a Poisson process with rate X/h. The machine can paint one part at a time. The painting process appears to be exponential with an average service time of 1/ h. It costs the company about $C per part per hour spent in the system (i.e., being painted or waiting to be painted). The cost of owning and operating the painting machine is strictly a function of its speed. In particular, a machine that works at an average rate of u costs $uC2/h, whether or not it is always in operation. Determine the value of u that minimizes the cost of the painting operation.
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Probability And Statistics
Authors: Morris H. DeGroot, Mark J. Schervish
4th Edition
9579701075, 321500466, 978-0176861117, 176861114, 978-0134995472, 978-0321500465
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