Question 1. Consider the above company and preventive maintenance process as a system.
a. Name three (3) elements of this system.
b. For each of these three elements name a relation that it has with another element. What are the directions of these relations?
c. Does this system have feedbacks? If so, describe them
d. Are any of the elements in this system black boxes? Explain your answer.
Question 2: What distinguishes so-called deterministic processes from stochastic ones? Give an example of both a deterministic and a stochastic process other than the ones listed on the course notes or discussed in class.
Question 3: The process described above contains both deterministic and stochastic components. Provide two examples of both. Explain your answers.
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