When Ernie told this to Terri and James, they became worried. However, Terri gathered some data from the college of business from which she developed the following probability distribution of repairs times: Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows: Write at least one paragraph.

Please submit both of them electronically via the dropbox. Write paragraphs for each component of the model days-to-repair; interval between breakdowns; lost revenue; putting it together.

What are the limits of the study? What are the limits of the study? 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. The assignment will be graded using the associated rubric. In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuous distribution shown.

If the copier broke down frequently and was not in use for long periods while they waited for a repair person to come fix it, they could lose a lot of revenue. 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.

To develop a simulation model, they first needed to know how frequently the copier might break down— specifically, the time between breakdowns.

Thus they needed to simulate the breakdown and repair process for a number of years to obtain an average annual loss of revenue. Thus, the probability distribution of breakdowns generally looked like the following: How confident are you that this answer is a good one? No one could provide them with an exact probability distribution, but from talking to staff members in the college of business, James estimated that the time between break-downs was probably between 0 and 6 weeks, with the probability increasing the longer the copier went without breaking down.

Answer the question posed in the case study. A lot of these students are from Southgate Apartments or one of the other apartments near us. Put all of this together to simulate the lost revenue due to copier breakdowns over 1 year to answer the question asked in the case study.

Therefore they decided to use a uniform probability distribution between 2, and 8, copies to estimate the number of copies they would sell per day.

As Robin suggested, a lot of the people waiting were State students who lived at Southgate Apartments, where James also lived with Ernie Moore.

In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuous distribution shown. This gave James an idea, which he shared with Ernie and their friend Terri Jones when he got home later that evening. Answer the question posed in the case study.

Write paragraphs for each component of the model days-to-repair; interval between breakdowns; lost revenue; putting it together. How confident are you that this answer is a good one? How confident are you that this answer is a good one? However, Terri gathered some data from the college of business from which she developed the following probability distribution of repair times: In Excel, use a suitable method for simulating the lost revenue for each day the copier is out of service.

Put all of this together to simulate the lost revenue due to copier breakdowns over 1 year to answer the question asked in the case study. Write paragraphs for each component of the model days-to-repair; interval between breakdowns; lost revenue; putting it together.View Notes - MAT Assignment#1 from MATH Operation at Stratford High.

1 Assignment #1: JET Copies Case Problem Harry G Williams Strayer University Dr. Negash Begashaw Sunday, April Free Essay: Assignment 1: JET Copies Case Problem Rose Leahy Strayer University Quantitative Methods-MAT Dr. Patricia DeJarnett July 21, Assignment.

Assignment #1: JET Copies Case Problem For the first component of the case, I was asked to find the number of days needed to repair the copier. To begin, I used the RAND() function in Excel to produce random values for column E6:E Read the "JET Copies" Case Problem on pages of the text.

Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows.

Assignment 1: Jet Copies Case Problem Quantitative Math Read the JET Copies Case Problem on pages of the text. Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows. Assignment #1: JET Copies Case Problem Read the “JET Copies” Case Problem on pages of the text.

Using simulation estimate the loss of revenue due to.

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