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  • Oil Well Case

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    Franzel Novicio
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    1) The document analyzes data from 3 oil well pumps over 365 days. 2) It calculates the probability that each pump was operating and not operating during that time period. Pump 1 had a 94.79% chance of operating and 5.21% chance of not operating. 3) It also calculates the total maintenance costs for each pump based on maintenance costs when not operating, which were $35,340 for Pump 1.

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    1) The document analyzes data from 3 oil well pumps over 365 days. 2) It calculates the probability that each pump was operating and not operating during that time period. Pump 1 had a 94.79% chance of operating and 5.21% chance of not operating. 3) It also calculates the total maintenance costs for each pump based on maintenance costs when not operating, which were $35,340 for Pump 1.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    5 views3 pages

    Oil Well Case

    Uploaded by

    Franzel Novicio
    1) The document analyzes data from 3 oil well pumps over 365 days. 2) It calculates the probability that each pump was operating and not operating during that time period. Pump 1 had a 94.79% chance of operating and 5.21% chance of not operating. 3) It also calculates the total maintenance costs for each pump based on maintenance costs when not operating, which were $35,340 for Pump 1.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    OIL WELL CASE

    MASTAT S19_Group 4

    Pump No. 1 Pump No. 2


    1 1 1 1 1 1 1 1 1 1 total no. of observations n 365 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 0 1 1 pump is operation p 346 1 1 1 1 1 1 1 1 1 1
    1 1 0 1 1 1 1 1 1 1 pump is down q 19 1 1 1 1 1 1 1 0 1 1
    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1 In 365 days, the probability that the pump is 1 1 1 1 1 1 0 1 1 1
    1 1 1 1 1 1 0 1 1 1 operating is 0.9479 and the probability that the 1 1 1 1 1 1 1 1 1 1
    pump is down is 0.0521.
    1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1 probability that pump is operating 0.94794521 1 1 1 1 1 1 0 1 1 1
    1 1 1 1 1 1 1 1 1 1 probability that pump is down 0.05205479 1 1 0 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1 maintennance cost (in $) 62.00 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 0 no. of hours 10.00 1 1 1 1 1 1 1 0 1 1
    1 1 1 1 1 1 0 1 1 1 no. of crew 3.00 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1 total maintennance 1,860.00 1 1 1 1 1 0 1 1 1 1

    1 1 1 1 1 1 1 1 1 1 no. of days the pump is down 19.00 1 1 1 1 1 1 1 1 1 1

    1 1 1 1 1 1 1 1 1 1 total maintennance cost 35,340.00 1 1 1 1 1 1 1 1 1 1


    1 1 0 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 1 1
    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 1 1
    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 1 1
    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 0 1 1
    1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 1 1 1
    1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1
    1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1
    1 1 1 1 1 1 1 1 1 1
    Pump No. 3
    total no. of observations n 365 1 1 1 1 1 1 1 1 1 1 total no. of observations
    pump is operation p 351 1 1 1 1 1 1 1 1 1 1 pump is operation
    pump is down q 14 1 1 1 1 1 1 1 1 1 1 pump is down
    1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1
    In 365 days, the probability that the pump is 1 1 1 0 1 1 1 0 1 1 In 365 days, the probability that the pump is
    operating is 0.9616 and the probability that the 1 1 1 1 1 1 1 1 1 1 operating is 0.9315 and the probability that th
    pump is down is 0.0384. pump is down is 0.0685.
    1 1 1 1 1 1 0 1 1 1
    1 1 1 1 1 1 1 1 0 1
    probability that pump is operating 0.96164384 1 1 1 1 1 1 1 1 1 1 probability that pump is operating
    probability that pump is down 0.03835616 1 1 1 1 1 0 1 1 1 1 probability that pump is down
    1 1 1 1 1 1 1 1 1 1
    maintennance cost (in $) 62.00 1 1 1 1 1 1 1 0 1 1 maintennance cost (in $)
    no. of hours 10.00 1 1 1 1 1 1 1 1 1 1 no. of hours
    no. of crew 3.00 1 1 1 1 1 1 0 1 1 1 no. of crew
    total maintennance 1,860.00 1 1 1 1 1 1 1 1 0 1 total maintennance

    no. of days the pump is down 14.00 1 1 1 1 1 0 1 1 1 1 no. of days the pump is down

    total maintennance cost 26,040.00 1 1 1 1 1 1 1 1 1 1 total maintennance cost


    1 1 1 1 1 1 1 0 1 0
    1 1 1 1 1 0 1 1 1 1
    1 1 1 1 1 1 1 0 1 1
    1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1
    1 1 0 1 1 1 1 0 0 1
    1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 0 1 1 1
    1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 0 1 1 1
    1 1 1 1 1 0 1 1 1 1
    1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1
    1 1 1 0 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 1 1
    1 1 1 1 1 1 1 1 0 1
    1 1 1 1 1 1 1 1 1 1
    1 0 1 1 1 1 0 1 1 1
    0 1 1 0 1
    n 365
    p 340
    q 25

    bability that the pump is


    and the probability that the
    685.

    mp is operating 0.9315068493
    0.0684931507

    62.00
    10.00
    3.00
    1,860.00

    25.00

    46,500.00

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