Question
3 A company has two machines. During any day, each machine that is working at the beginning of the day has a chance of
3 A company has two machines. During any day, each machine that is working at the beginning of the day has a chance of breaking down. Suppose a machine that breaks down returns to service three days later (for instance, a machine that breaks down during day 3 would be back in working order at the beginning of day 6). Determine a transition probability matrix for this situation.
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Managing Operations Across the Supply Chain
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