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 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

    Assignment #1: JET Copies Case Problem   Read the “JET CopiesCase Problem on pages 678-679 of the textUsing 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...

    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

    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 - 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 to copier...

    808 Words | 3 Pages

  • Assignment #1: Jet Copies Case Problem

    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, when it...

    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, when it...

    504 Words | 2 Pages

  • Text and Cases Problem 8

    Problem 8-3. For each of the following situations, the present value concept should be applied: 1. Your wealthy aunt just established a trust fund for you that will accumulate to a total of $100,000 in 12 years. Interest on the trust fund is compounded annually at an 8% rate. How much is in your...

    1152 Words | 4 Pages

  • Jet Copier

    JET Copier Case Analysis In the case study for Jet copies three students are contemplating the benefits of opening a copy business in their town. They are also trying to decide whether or not it would be a good investment to purchase a second copier, in case their main copy machine breaks down. The...

    416 Words | 2 Pages

  • Jet Copier

    depicted in column r2. Then I used formula that was used to obtain the time between breakdowns is (6x sqrt x r1). This information is depicted in the column labeled Time between Breakdowns. To find the repair time for the copier used the VLOOKUP formula. The formula looks at r2 RAND number and the P(x) and...

    368 Words | 1 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

    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 for $8000.00. To determine if the second copier is necessary...

    407 Words | 2 Pages

  • jet copies

    long-term capital budgeting decisions that such a company needs to make. Online a plan those managers in the low-calorie microwavable food company could follow when selecting pricing strategies for making their products as inelastic as possible. The company aims to keep the prices of its products as inelastic...

    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

    Number of Days In the simulation I have the breakdown column which is column B which displays 13 days. The second column which is column C displays the random numbers. The random numbers will be used to calculate the time between breakdowns. The random numbers are determined by entering the formula...

    430 Words | 2 Pages

  • Jet Copies

    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...

    1218 Words | 4 Pages

  • Jet Copies

    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...

    328 Words | 1 Pages