Mark breakdown

Question 1

Concept Marks
F(t) 1
ln(t) 1
lnln(1/(1-Ft)) 1
Beta 1
Eta 1
Total 5

Question 2

Concept Marks
F(tp) 2
ti 2
P(T=ti) 2
Sum(ti*P(T=ti)) 2
M(tp)=Sum(ti*P(T=ti))/F(tp) 2
E[Interval]=F(tp)*M(tp)+R(tp)*tp 2
C(tp)=E[Cost]/E[Interval] 2
Optimal replacement Age 4
Minimum Cost associated with optimal 4
replacement age
Replace only on Failure Cost/Unit time 5
Percentage savings associated with optimal 3
policy
Total 30

Question 3

Concept Marks
F(tp) 1
R(tp) 1
M(tp) 1
Cf 1
Failure replacements 1
Total 5

Question 4

Concept Marks
Expected number of failures = Failure Cost/Cf 2
% favourable outcome on cost 2
% favourable outcome on failures 2
Combined outcome 2
Conclusion & Explanation 2
Total 10