MA88 Problem: Decision Analysis under Uncertainty - Dynaco Company

MA88 Problem: Decision Analysis under Uncertainty - Dynaco Company

The Dynaco Manufacturing Company produces a particular product from a process consisting of operations of 5 machines. The probability distribution of the number of machines which will break down in a week is as follows: Number of machines thatwill BreakdownEach Week Probability0 .101 .102 .203 .254 .305 .05Every time one of the machines breaks down at the Dynaco Manufacturing Company, it requires1, 2 or 3 hours to fix it according to the following probability distribution.Repair Time (hours) Probability1 .302 .503 .20Required:If it costs $72 per hour to repair a machine (which includes lost productivity) when it breaksdown, determine the average weekly breakdown cost