Lost revenue of Jet Copies due to breakdown can be done by generating random numbers from different probability distributions according the given probability law. The different steps of this simulation and assumption made are explained below. 1. Simulation for the repair time.

To generate a random number from the above distribution, we use the following procedure. Generate a random number denoted by r2 from between 0 and 1. If this generated random number is less than or equal to 0.2 take repair time = 1. If the generated random number is 0.2 to 0.65, we take repair time =2. If the generated random number is 0.65 to 0.90, we take repair time = 3 and take 4 otherwise. 2. Simulation for break-down Distribution

Given that the probability distributions of random variable X representing the time between break-downs varies from 0 to 6 weeks with probability increasing continuously, the copier went without breaking down can be approximated by the probability distribution

f(x) =x/180 < x < 6
Hence the distribution function of x is
F(x)=x2/360 < x < 6
If r1 is another random number generated between 0 and 1, then we can write
r1= x2/36
Hencex=6[pic]
Therefore to simulate from the break down distribution, generate a random number r1 between 0 and 1 and make the transformation, x=6[pic].

3. Simulation for Lost Revenue.
It is given that the number of copies sold per day follows a...

...Assignment #1: JETCopiesCaseProblem
Read the “JETCopies” CaseProblem on pages 678-679 of the text. Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows:
1. In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown....

...JETCopiesCaseProblem
Assignment 1
Professor
Dr. Elena Klimova
MAT 540 – Quantitative Methods
Janeiro 28, 2013
5.
Model number of days to repair
In regard to the first part of the CaseProblem (The average number of days needed to repair the copier), I worked on the Excel to find the number of the days required to repair the copier (Repair Time (days). In Excel, I wrote down the table...

...Assignment 1: JETCopiesCaseProblem
Rose Leahy
Strayer University
Quantitative Methods-MAT540
Dr. Patricia DeJarnett
July 21, 2013
Assignment 1: JETCopiesCaseProblem
Read the “JETCopies” CaseProblem on pages 678-679 of the text. Using simulation estimate the loss of revenue due to copier breakdown for one...

...JETCopiesProblem
The simulation of JetCopies can be done by generating random numbers from given probability distributions. The different steps of this simulation and assumption made are explained below.
1. Simulation for the repair time.
It is given that the repair time follows
Repair Time (days) Probability
1. .20
2. .45
3. .25...

...JetCopiesCaseProblem
Shelandria Jones
Strayer University
MAT 540-Quantitative Methods
Dr. Raymond Ottinot
February 5, 2013
Introduction
JetCopies is a business venture of a couple of young men who had the insight to open up a copy business. James Ernie and Terri received a loan from Terri’s parents of $18,000. Due to information they have received the large copier they purchased...

...Running Head: JETCOPIESCASEJETCopiesCase
Math 540
Winter 2013
JETCopiesCase
Introduction
Before starting the case, it is important to know how this case will be evaluated through excel, the functions and their application, and how they quantifiably accentuate on the variables and known possibilities...

...Read the "JETCopies" CaseProblem on pages 678-679 of the text. Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows:
In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown.
In Excel, use a suitable method for simulating the interval between successive breakdowns, according...

...JetCopiesCase Study
1. In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown.
2. In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuous distribution shown.
3. In Excel, use a suitable method for simulating the lost revenue for each day the copier is out of service.
4. Put...

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