915 Words4 Pages

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 Time (days) Probability 1. .20
2. .45
3. .25
4. .10
-----
1.00
To generate a random number from the above distribution, we use the following procedure.
Generate a random number denoted by r2 from between 0 and 1. If this generated random number is less than or equal to 0.2 take repair time = 1.*…show more content…*

Since the break down time is given in weeks, we stop the simulation when total number of weeks greater than 52 5. Summary Generate random number from the break down calculate breakdown time. Generate random number from the repair distribution and calculate repair time require to get the machine repaired. Generate random numbers between 2000 to 8000 and estimate lost revenue due to this particular break down. Calculate the lost revenue by multiplying this number with repair time and revenue from 1 copy ($0.1). Repeat this process until sum of all the break down time exceeds 52 weeks and calculate the total loos. The excel output under two different assumptions are given below. |Repair Distribution | | |P(y) |Cumulative |Repair Time | |0.2 |0 |1 | |0.45 |0.2 |2 | |0.25 |0.65 |3 | |0.1 |0.9 |4 | Break |Random |Time between Break |Random |Repair |Random |Lost |Cumulative | |Down |r1 |downs x (weeks) |r2 |Time |r3 |Rvenue |Time Σx | |1 |0.129 |2.158 |0.520 |2 |2252 |450.4 |2.158 | |2 |0.331 |3.450 |0.092 |1 |5563 |556.3 |5.608 | |3 |0.413 |3.854 |0.642 |2 |5225 |1045 |9.462 | |4 |0.358 |3.588 |0.889 |3 |7515 |2254.5 |13.050 | |5 |0.571 |4.536 |0.606 |2 |3637

Since the break down time is given in weeks, we stop the simulation when total number of weeks greater than 52 5. Summary Generate random number from the break down calculate breakdown time. Generate random number from the repair distribution and calculate repair time require to get the machine repaired. Generate random numbers between 2000 to 8000 and estimate lost revenue due to this particular break down. Calculate the lost revenue by multiplying this number with repair time and revenue from 1 copy ($0.1). Repeat this process until sum of all the break down time exceeds 52 weeks and calculate the total loos. The excel output under two different assumptions are given below. |Repair Distribution | | |P(y) |Cumulative |Repair Time | |0.2 |0 |1 | |0.45 |0.2 |2 | |0.25 |0.65 |3 | |0.1 |0.9 |4 | Break |Random |Time between Break |Random |Repair |Random |Lost |Cumulative | |Down |r1 |downs x (weeks) |r2 |Time |r3 |Rvenue |Time Σx | |1 |0.129 |2.158 |0.520 |2 |2252 |450.4 |2.158 | |2 |0.331 |3.450 |0.092 |1 |5563 |556.3 |5.608 | |3 |0.413 |3.854 |0.642 |2 |5225 |1045 |9.462 | |4 |0.358 |3.588 |0.889 |3 |7515 |2254.5 |13.050 | |5 |0.571 |4.536 |0.606 |2 |3637

Related

## Case Study: JET Copies

547 Words | 2 PagesJET Copies Case Study Number of Days Needed to Repair Copier Repair Time (Days) Probability Average Time 1 0.2 0.2 2 0.45 0.9 3 0.25 0.75 4 0.1 0.4 Cumulative Average 2.25 The case study provided the probability for how long, in terms of days, repairing a copier break down would be. Essentially, finding the number of days that should be expected to fix a broken copier would then mean finding the cumulative average of these probabilities. Thus, in Excel, I

## Jet Copies Case Problem Essay

1061 Words | 5 PagesAssignment #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 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 the continuous

## Jet Copies Case Problem Essay

749 Words | 3 PagesJET 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 number of the days required to repair the copier (Repair Time (days). In Excel, I wrote down the table information given from the case study to make it easier to find it and copy, if necessary. I used

## Assignment 1: Jet Copies Case Problem

808 Words | 4 PagesAssignment 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 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 the discrete distribution

## The Microsoft Programs

886 Words | 4 Pagesthree have the home tab in their ribbons. All three of these programs have the home tab in the ribbon. The home tab is where you will find the cut, copy and paste features. The cut, copy and paste is a great tool to have, it where you can delete large section rearrange portions of your document and or projects. With these commands you can also use them to copy your document to other places such as the blackboard at CCU. On the home tab you will notice that all three have the control to change your font

## The Importance Of Plagiarism In Writing

734 Words | 3 PagesChoices Plagiarism is when you take any form of writing and make it your own without giving proper credit to the owner. You can also be plagiarizing if you use some of your old work without the teacher knowing you did so. In universities across America about ¾ of people are involved in some kind of academic dishonesty (Heckler, Rice, and Bryan 229). Many students have different reasons as to why they had to cheat on an assignment and they range from not having enough time, not getting the sufficient

## An Honest Awai Copywriting Program Review By Professional Copywriter Dan Furman

1714 Words | 7 PagesAn honest AWAI Copywriting Program Review by Professional Copywriter Dan Furman On this page, I’ll be reviewing a popular home-business opportunity / product. In this case, a copywriting product. Quick note: This is an honest, unbiased review. In interest of full disclosure, I am an affiliate, and will get a small commission if you buy it through the link at the bottom of the page. Believe me, it’s not enough to risk tainting my name in any way. That’s why my review below is as honest as possible

## Copy Editor is Bringing a Story to Print

760 Words | 3 PagesWhat a copy editor does with a draft of a story going to print: --looks for missing words, missing elements of the story, missing attributes. For example, if a person named James Dodd is mentioned, that person’s identity as it relates to the story must be attached to the name when it is first cited, so that if Dodd, a manager at Hudson’s Bay Company, is quoted again, the reader knows who the person is. --corrects the lead and adjusts the structure of the story so that, for instance, the paragraphs

## Banning Alcohol From Mainstream Consumption

918 Words | 4 PagesLet 's travel back in time, for a second, to the 1840 's. Hundreds upon thousands of Americans flocked to the western half of the country, fleeing their homes and risking their very lives for a chance to strike it rich. Some were triumphant, others failed, and everyone learned a little something along the way... Now, fast forward a few decades to the twentieth century. The United States government just enacted an amendment into the Constitution, banning alcohol from mainstream consumption. A collective

## Wikipedi Is It The Best Source For Truth?

1784 Words | 8 PagesWikipedia: Is It The Best Source for truth? Faisal O. Alzahrani ELS Language Center Wikipedia:Is It The Best Source For Truth? Introduction: Wikipedia is the largest free online encyclopedia in the world. Wikipedia provides for people information on every topic that they could possibly need or search for. Nonetheless, people can edit information as easily as they can search corrections and updates without having trouble of plagiarism. Because, a lot of articles

### Case Study: JET Copies

547 Words | 2 Pages### Jet Copies Case Problem Essay

1061 Words | 5 Pages### Jet Copies Case Problem Essay

749 Words | 3 Pages### Assignment 1: Jet Copies Case Problem

808 Words | 4 Pages### The Microsoft Programs

886 Words | 4 Pages### The Importance Of Plagiarism In Writing

734 Words | 3 Pages### An Honest Awai Copywriting Program Review By Professional Copywriter Dan Furman

1714 Words | 7 Pages### Copy Editor is Bringing a Story to Print

760 Words | 3 Pages### Banning Alcohol From Mainstream Consumption

918 Words | 4 Pages### Wikipedi Is It The Best Source For Truth?

1784 Words | 8 Pages