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...
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 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...
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...
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 to copier...
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...
Minimizing Revenue Loss Due to Piracy: An Early Internet Release of Motion Picture Kiran Pitkar Siddharth Rajpathak Tushar Motwani Abhinandan Mahendiran University of Colorado, Boulder Advisor: Prof. Douglas Sicker (Department of Computer Science) Special thanks to...
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...
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...
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...
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...
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...
Text Problems, Exercises, and Case University of Phoenix Prof. Carmen García Pomares 13 de julio de 2009 Working Capital Management. Indicate how each of the following six different transactions that Dynamic Mattress might make would affect (i) cash and (ii) net working capital: Paying...
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...
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...
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...
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...
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...
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...