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Part ( a ) DD Bike Rental Company has 5 identical bikes that it rents to students at a collegetown shop. Potential bike renters come
Part a
DD Bike Rental Company has identical bikes that it rents to students at a collegetown shop. Potential bike renters come to this shop at the rate of per hour, and that customer arrival rate is a negative exponential distribution rate. Historical data shows that a rented bike is kept by the renter for an average of minutes, and that rent time period has a negative exponential distribution. Whenever all bikes have been rented, any potential renter is promptly directed to another nearby bike rental shop.
Produce an rCTMC that can be utilized by DD Bike Rental Company to track the number of bikes waiting in the shop to be rented during business hours.
Part b
Convert your rCTMC of Part a into an equivalent stCTMC by drawing suitable CTMC networks
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