• 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...
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  • Student
    Assignment #1: JET Copies Case Problem (week 3) 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 or any other program, use a suitable method for generating the number of...
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  • 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...
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  • River
    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...
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  • 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...
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  • Julia's Food Booth
    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. I n Excel, use a suitable method for generating the number of days needed to repair the copier...
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  • Mat 540
    ; verification of the simulation model Activity – Simulation o Question for discussion: What is the role of statistical analysis in simulation?   Assignment: Assignment #1: JET Copies Case Problem Read the “JET CopiesCase Problem on pages 678-679 of the text. Using simulation estimate the loss of...
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  • Accounting
    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 revenue due to machine downtime during one year is more than or equal to $12000...
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  • Math 540
    to estimate how many copies they would sell per day - If loss of revenue due 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...
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  • Jet Copies
    accurate idea of the revenue they will potentially lose due to copier breakdowns over one year. 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...
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  • Taylor
    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 JET Copies and determine the loss of revenue for 1 year. Case Problem Benefit–Cost Analysis of the Spradlin Bluff River Project the...
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  • 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...
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  • Jet Copies
    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...
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  • Jet Copies Part 2
    would cost to buy another copier when their primary copier breaks down. Since the revenue lost per year due to breakdowns is which is greater than the cost of the copier, JET Copies should purchase a backup copier. However, I can’t put high confidence in this answer because the stimulation has...
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  • Jet Copies
    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 revenue due to machine downtime...
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  • Jet Copies
    revenue due 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...
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  • Hint
    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...
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  • nothing
    $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 revenue due to copier breakdowns. To compute the simulation analysis we will run 1000 random numbers (trials...
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  • Week Maths
    . 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 JET Copies and determine the loss of revenue for 1 year. 1. In Excel, use a suitable method for...
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  • Jet Copies Mat 540
    that year. As James, Ernie and Terri decided that if their loss of revenue due 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...
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