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Jet Copies Case Problem Essays and Term Papers

  • Jet Copies Case Problems

    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...

    822 Words | 3 Pages

  • Jet Copies Case Problem

    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...

    753 Words | 3 Pages

  • Jet Copies Case Problem

    Assignment #1: JET Copies Case Problem   Read the “JET CopiesCase 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...

    1060 Words | 3 Pages

  • Jet Copies Case Problem

    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...

    787 Words | 3 Pages

  • Jet Copies Case Problem - Essay

    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...

    717 Words | 2 Pages

  • Assignment 1: Jet Copies Case Problem

    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 CopiesCase Problem on pages 678-679 of the text. Using simulation estimate the loss of revenue due...

    808 Words | 3 Pages

  • Assignment #1: Jet Copies Case Problem

    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...

    1002 Words | 4 Pages

  • Jet Copies Case

    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...

    776 Words | 3 Pages

  • Jet Copies Case

    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...

    1105 Words | 4 Pages

  • Jet Copies Case Layout

    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...

    504 Words | 2 Pages

  • Jet Case Problem

    JET Copies Case Problem – Solution 1-4. See Excel sheet. 5. To find the average time it takes to repair the copier, I looked at the given table. The average time will be the possible times (1-4 days) weighted by the probabilities of each. So I multiplied each number of days by the probability of...

    615 Words | 2 Pages

  • Jet Copies

    JET Copies JET Copies is a copy business opened by James, Ernie, and Terri, three students who wanted to make it more convenient for other students in their apartment complex to get copies in a timely manner. After obtaining a copy machine for the business with a loan from Terri’s mother, the students...

    1264 Words | 4 Pages

  • Jet copies

    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...

    825 Words | 3 Pages

  • Jet Copies

    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...

    407 Words | 2 Pages

  • Jet Copies

    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...

    443 Words | 2 Pages

  • Jet Copies

    | | ABSTRACT James, Ernie and Terri decided to open a copy center to fulfill a need for closer access to copy machines in their community. After buying their first copier, they learned some of the pitfalls associated including the breakdown of the machinery and the potential loss of revenue...

    1407 Words | 4 Pages

  • jet copies

    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...

    2166 Words | 10 Pages

  • Jet Copies

    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...

    923 Words | 3 Pages

  • Jet Copies

    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 ...

    692 Words | 20 Pages

  • Jet Copies

    is $100 she can use to put back into the business for supplies and other expenses. Analyze the Impact of Uncertainties on the Model. In this case problem the biggest uncertainty I can see is demand for a product. Although Julia may have a good idea of what people will buy and not buy during the game...

    1052 Words | 3 Pages