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
Read the "JETCopies" CaseProblem on pages678-679 of the text. Usingsimulationestimate the loss of revenuedue to copierbreakdown for oneyear, 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...
Assignment #1: JETCopiesCaseProblem (week 3)
Read the “JETCopies” CaseProblem on pages678-679 of the text. Usingsimulationestimate the loss of revenuedue to copierbreakdown for oneyear, as follows:
1. In Excel or any other program, use a suitable method for generating the number of...
Assignment 1: JETCopiesCaseProblem
Rose Leahy
Strayer University
Quantitative Methods-MAT540
Dr. Patricia DeJarnett
July 21, 2013
Assignment 1: JETCopiesCaseProblemRead the “JETCopies” CaseProblem on pages678-679 of the text. Usingsimulationestimate the loss of revenue...
Assignment #1: JETCopiesCaseProblemRead the “JETCopies” CaseProblem on pages678-679 of the text. Usingsimulationestimate the loss of revenuedue to copierbreakdown for oneyear, as follows:
1. In Excel, use a suitable method for generating the number of days needed to repair the...
Assignment #1: JETCopiesCaseProblemRead the “JETCopies” CaseProblem on pages678-679 of the text. Usingsimulationestimate the loss of revenuedue to copierbreakdown for oneyear, as follows:
1. In Excel, use a suitable method for generating the number of days needed to repair the...
Assignment #1: JETCopiesCaseProblemRead the ³JETCopies´ CaseProblem on pages678-679 of the text. Usingsimulationestimate the loss of revenuedue to copierbreakdown for oneyear, as follows:1.
I
n Excel, use a suitable method for generating the number of days needed to repair the copier...
; verification of the simulation model Activity – Simulation o Question for discussion: What is the role of statistical analysis in simulation?
Assignment:
Assignment #1: JETCopiesCaseProblemRead the “JETCopies” CaseProblem on pages678-679 of the text. Usingsimulationestimate the loss of...
copies each day at $0.10 for each copy. they decided to use a uniform probability distribution in order to estimate the number of copies they might sell each day between 2000-8000 copies. They decided that if loss of revenuedue to machine downtime during oneyear is more than or equal to $12000...
to estimate how many copies they would sell per day
- If loss of revenuedue to machine downtime during 1 year is greater than or equal to $12,000, then they should purchase the back-up copier
- Decided to conduct a manual simulation of this process for 1 year to see if the model was working...
accurate idea of the revenue they will potentially lose due to copierbreakdowns over oneyear. The first step is to generate cumulative probabilities. Secondly, a set of random numbers need to be generated. To find the time between breakdowns the total number of weeks, 6 in this case, is multiplied...
simulation model, they decided to conduct a manual simulation of this process for 1 year to see if the model was working correctly. Perform this manual simulation for JETCopies and determine the loss of revenue for 1 year.
CaseProblem
Benefit–Cost Analysis of the Spradlin Bluff River Project
the...
JETCopiesProblem
Lost revenue of JetCopiesdue 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...
run a simulation of weeks between one equipment failure and another, the downtime in days due to repair and the lost revenue over a year period of time due to the simulated equipment failure.
METHODOLOGY
The first step in this process is simulating the time between breakdowns. Without explicit...
would cost to buy another copier when their primary copier breaks down. Since the revenue lost per yeardue to breakdowns is which is greater than the cost of the copier, JETCopies should purchase a backup copier. However, I can’t put high confidence in this answer because the stimulation has...
year= |16826.4 | | |
6. Answer to the problem
From the above table we can see that under this simulation the lost revenue for in year (when total break down time exceeds 52 weeks) is $16826.4, which is greater than $12,000. Since the simulated loss of revenuedue to machine downtime...
revenuedue to the breakdown, and the annual cost of breakdowns without a back up copier. Based on the information they obtained from the simulation, they could lose a possible $14,466.87 for the first year if they do not purchase the second copier. This is over the $12,000 limit they are willing to...
Please review the material on continuous probability distributions on pages 643 – 645 prior to the following discussion. The method of solution for this first assignment is very similar to the example “Simulation of Machine Breakdown and Maintenance System” given in the textbook.
In the JET...
$0.10/copy
Again, if revenue lost/year was greater than $12,000 then the purchase of a second copier would be warranted. A simulation model using MicroSoft Excel was run to determine lost revenuedue to copierbreakdowns.
To compute the simulation analysis we will run 1000 random numbers (trials...
. However, before programming the simulation model, they decided to conduct a manual simulation of this process for 1 year to see if the model was working correctly. Perform this manual simulation for JETCopies and determine the loss of revenue for 1 year.
1. In Excel, use a suitable method for...
that year.
As James, Ernie and Terri decided that if their loss of revenuedue to machine downtime during 1 year was $ 12,000.00 or more they should purchase a back up copier.
After conducting the simulation in Excel and looking at the days to repair, interval between breakdowns and lost revenue...