2.5 Consider seven alternatives for high-efficiency light bulbs. The cost and expected lifeof each design are presented below. The target life is 19000 h.DesignExpected life (in 1000 h)Cost per units, S2 35 6 722481215182021129.891215Generate seven tricriteria alternatives (expected life, total cost, and probability offailure before target life). Identify efficient and inefficient alternatives. (Assume anexponential distribution function.)

The data on the cost and expected life of each design is given as Design Expected Life (1000h)…

-5 Consider seven alternatives for high-efficiency light bulbs. The cost and expected life of each design are presented below. The target life is 19000 h. Design Expected life (in 1000 h) Cost per units. S 1 8 12 2 12 9 3 15 7 8 9 4 5 6 7 20 21 22 12 15 18 Generate seven tricriteria alternatives (expected life, total cost, and probability of failure before target life). Identify efficient and inefficient alternatives. (Assume an exponential distribution function.)