JET Copies Problem 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...
Assignment #1: JET Copies Case Problem Read the “JET Copies” Case Problem 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...
JET Copies Case Problem 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 Case Problem (The average number of days needed to repair the copier), I worked on the Excel to find the...
Assignment 1: JET Copies Case Problem Quantitative Methods – MAT 540 Strayer University. July 22, 2012 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. First I created the cumulative...
Assignment #1: JET Copies Case Problem Days for Repair- The information that was provided to the researcher included the facts that the repair would take somewhere between 1 and 4 days. Included along with the number of days was the probability of the repair being completed on each individual day...
1 Assignment #1: JET Copies Case Problem Read the ³JET Copies´ Case Problem 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...
Assignment 1: JET Copies Case Problem Rose Leahy Strayer University Quantitative Methods-MAT540 Dr. Patricia DeJarnett July 21, 2013 Assignment 1: JET Copies Case Problem Read the “JET Copies” Case Problem on pages 678-679 of the text. Using simulation estimate the loss of revenue due...
Jet Copies Case Problem Shelandria Jones Strayer University MAT 540-Quantitative Methods Dr. Raymond Ottinot February 5, 2013 Introduction Jet Copies 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...
Assignment #1: JET Copies Case Problem Read the "JET Copies" Case Problem 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...
Running Head: JET COPIES CASE JET Copies Case Math 540 Winter 2013 JET Copies Case 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...
Read the "JET Copies" Case Problem 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 assignment for this week deals with a group of students that opened a copy shop, JET copies. The student borrowed $18,000.00 to purchase the copier needed for the business. Taking into account that the copier may breakdown the students decided they wanted to purchase a smaller copier as a backup...
see such demand only in situations in which the good or services are indispensable and the consumers cannot do without those. However, this is not the case for microwavable food products. There is competition in the market to keep the prices under check. Hence, the company needs to do two things to make...
JET Copies Problem The simulation of Jet Copies 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...
This case problem was an interesting problem to work. In order to simulate the intervals between breakdowns, the estimated time between breakdowns was needed. A random number was generated as part of the needed information to determine the interval. Once the random number was generated, a formula...
JET Copier Simulation Explanation The simulation is divided into periods, each period begins with a working copier and ends once the copier is repaired. Period one begins on the first business day of the JET Copier, eventually the copier breaks down and gets repaired, this ends the first period. Second...
between Breakdowns The time between breakdowns allows you to estimate the time between the breakdowns of the copy machine. The time between breakdown allows you to also understand how the long the copy machines will work and how long they will last before they breakdown again. In column D row 16 is where...
Jet Copies Case 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...
Chapter Fourteen: Simulation PROBLEM SUMMARY 1. Car arrivals at a service station 3. Machine breakdowns 4. Inventory analysis 5. Decision analysis 6. Machine repair time (14–3) 7. Product demand and order receipt 8. Bank drive-in window arrivals and service ...
Jet Copies DAYS TO REPAIR The days to repair component was calculated by using the probability distribution of repair times given. This was used along with a set of random numbers based on 100 breakdowns a year. Then, a vlookup was used and the probability distribution per day to come up with the...