simulation was to create to determine if JET Copies needs to purchase a back up copier. To begin, information had to be gathered which was given based on research the founders of JET Copies did to determine the length of time between breakdowns, the probability of repair times, and the revenue they would take in daily. Because there is a variance amongst the days it would take to repair the copier as well as the revenue being lost, creating this simulation helps JET Copies make the best decisions considering
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Jet Copies Breakdown Cumulative Prob Time Between Breakdown Probability Cumulative Probability Repair Time (days) Probability (Uniform) Cumulative Probability Sales Vol. F(x) = .0275x2 x = 20*sqrt(r/11) 0.20 0 1 0.143 0 2000 0.45 0.20 2 0.143 0.143 3000 0.25 0.65 3 0.143 0.286 4000 0.10 0.90 4 0.143 0.429 5000 0.143 0.571 6000 0.143 0.714 7000 0.143 0.857 8000 Breakdowns "Random
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JET Copies Case Problem Assignment #1 MAT540, Strayer University Assignment#1: JET Copies Case Problem According to the discrete distrubution, the number of days (y) needed to repair the copier is as follows (where “R2” is a random value in the excel sheet between and 0 and 1): 0 < R2 < .2, then it takes 1 day .2 < R2 < .65, then it takes 2 days .65 < R2 < .9, then it takes 3 days .9 < R2 < 1, then it takes 4 days James estimated that the time between break-downs
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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 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
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The simulation of the jet copier is to help determine if a purchase of second copier is necessary now. In making the best decision, we need to create the best case scenario of potential future events relating to what could happen if the copier was out of commission. Some of what we do know is that the least to the most about of days the copier could be down. This plays a very important part, as we need to determine how much it would cost to not be able to supply the service of copying to the customers
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Running head: Jet Copies Case Study 1 JET COPIES CASE STUDY James C. Kessler Strayer University Introduction to Management Science Math 540 Dr. Yaw Kyei January 3, 2013 Jet Copies Case Study 2 Days-to-Repair I typed the name jet copies into the A1 slot. Then I made the letters bold and used the cells section to increase the row height and the column width. I also increased the font size. I then typed in the probability of weekly demand section
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not JET Copies, a new copier company established by three friends, should purchase a smaller copier as a backup for the primary copier when the primary copier is not in service. The owners of the company have purchased a primary copier similar to the one in the dean’s school of business. During making their decision to purchase, the owners received positive information from the seller regarding the copier reliability. The price of the primary copier is $12,000. Terri, one of the owners of JET Copier
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JET Copies Case Problem LaTonya Crutcher Dr. Emeka Dunu, MAT 540 6/3/13 In the JET Copies Case Problem the probability function of time between repairs is the one of the issues and the other is the loss of revenue if they do not purchase the new copier. We were asked to generate a random value for computation of times between breakdowns. Using these random numbers and the linear formula SQRT(R1)*6, which represents the slope and probability function for breakdown intervals, we were able
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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 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
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Jet Copy Simulation Prepared by Joe Miller Prepared for February 7th 2013 TABLE OF CONTENTS INTRODUCTION SUMMARY JET COPY SIMILATION CONCLUSION AND RECOMMENDATIONS APPENDIX INTRODUCTION The purpose of this report is to examine the feasibility to for Jet Copy to purchase a second copy machine. Based on copies produced and lost with only the use of one copier. In this report I will use data from a simulation to assist in the determination of an additional copier for Jet Copy. As
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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. I calculated the cumulative distribution, random number ranges and average repair days below. Machine Repair time, y (days) | Probability of Repair time | Cumulative Probability | Random Number Range, r2 | | 1 | 0.20 | 0.20 | 0.00-0.20 | 0.2 | 2 | 0.45 | 0.65 | 0.21-0.65 | 0.9 | 3 | 0.25 | 0.90 | 0.66-0.90 | 0.75 |
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JET Copies Case Problem There are two deliverables for this Case Problem, the Excel spreadsheet and the written description/explanation. 1. Days-to-repair: assume that the number of days needed to repair a copier is random, we can generate a random number denoted r2 between 0 and 1: 0 < random value < 0.2, then it takes 1 day 0.2 < random value < 0.65, then it takes 2 days 0.65 < random value < 0.90, then it takes 3 days 0.9 < random value < 1, then it takes 4 days
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In the Jet Copies Case Study, we are introduced to three college students: James, Ernie, and Terri. They have discovered that they have a possible solution to two separate problems that they face: the need to make money and the lack of adequate copy services near the university that they attend. The three students decide to open their own copy service but soon discovered that they may have acted too soon in their decision. The first obstacle they had was the initial purchase of equipment. Without
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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
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JET Copies Case Problem In analyzing the case, JET Copies Case Problem, the following categories will be addressed: Model number of days to repair 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. JET copies needs to know the number of days they need to repair, when the copy machine is out of service. Using the given table, there are three columns of probability
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Q5.In a word processing program, write a brief description/explanation of how you implemented each component of the model. Write 1-2 paragraphs for each component of the model (days-to-repair; interval between breakdowns; lost revenue; putting it together). Days to repair With regards to the days to repair component, it was calculated by using the probability distribution of repair times that was given. This was used along with a set of random numbers based on 100 breakdowns a year. Then, a vlookup
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JET Copies: The Decision to Purchase a Backup Copier Businesses are continually faced with difficult and challenging decisions, especially those regarding revenue and whether or not to spend money on situations that may or may not occur, based on speculation or perception. There may be several techniques a business can employ to analyze if perceived investments will produce a desired return and subsequently, profit. Simulation is an analytical process that supports business planning objectives
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Unit 1 Assignment 1 Problems Chapter 1: Problem 5, A-D, Page 21 Chapter 3: Problem 7, A-D, Page 68 Angela Besler Capella University MBA6008 January 12, 2014 Unit 1 Assignment 1 Problems Chapter 1: Problem 5, A-D, Page 21 A. Table and Graph: Types of Production | | Automobiles | Forklifts | | 0 | 30 | A | Production Alternatives | 2 | 27 | B | | 4 | 21 | C | | 6 | 12 | D | | 8 | 0 | E | | A production possibility “curve displays the different combinations
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it would be cheaper to ship directly from the plants to the waste sites or use intermediate shipping points (Taylor, 2011, p. 273-274). The estimated shipping costs ($/barrel) from the six plants to the three waste disposal sites are shown in Table 1. Plant A. Whitewater B. Los Canos C. Duras (Cost waste disposal site) The waste generated by the plants represents the supply for the transportation model and is shown in Table 2. Table 2 Plant Waste per Week (barrels) Waste Disposal Site
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1 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 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 distribution
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MAT 540 Week 8 Assignment Assignment 1: Assignment 1. Linear Programming Case Study Your instructor will assign a linear programming project for this assignment according to the following specifications. It will be a problem with at least three (3) constraints and at least two (2) decision variables. The problem will be bounded and feasible. It will also have a single optimum solution (in other words, it won’t have alternate optimal solutions). The problem will also include a component that involves
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Introduction Banner Health System References General Questions - General General Questions The purpose of this assignment is to assist you in refining problem-solving capabilities that organizations already possess for use in business ethics applications. This paper uses a structured, objective format sometimes called a system of inquiry. This assignment is a systematic formalized inquiry into or examination of the code of ethics of an organization and its effects to achieve a specific
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ACC202 Week 1 Assignment Week One Problems http://www.accttutorials.com/downloads/acc202-week-1-assignment-week-one-problems/ Click above Link to get this A Graded Material For More information visit our website: http://www.accttutorials.com ACC202 Week 1 Assignment Week One Problems Week One Problems. Complete the following problems from Chapter 10 & 11 and submit to the instructor by Day 7. These problems will be graded for accuracy. Problems: 10-20, 11-21, 11-25 (Part 1), 11-28. Costs
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Part B: Short Case Memo TO: Alfonso & Leo, SEL FROM: Me, CGA DATE: March 25, 2015 RE: Recommendations for Accounting Software and IPO Steps As per previous discussions, as SEL continues to grow, we need to look into how it can gain a competitive edge in its market by gaining control of the financial activities of the company. With this growth, it needs to consider how to raise additional capital and how to manage the increase in employees and accounting transactions. Over the last
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BUS 490 WEEK 4 ASSIGNMENT 1 (COPY) http://www.coursehomework.com/?post_type=product&p=6516&preview=true Contact us at: +1 315-750-4434 help@coursehomework.com BUS 490 WEEK 4 ASSIGNMENT 1 - PREPARING A COMPREHENSIVE CASE ANALYSIS, PART 1 Research a public corporation that you believe is not doing as well as it could in the marketplace. For this first paper, you will complete the first steps of a comprehensive written analysis as described in Part 6 of the textbook. The written
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BUS 490 WEEK 4 ASSIGNMENT 1 http://www.coursehomework.com/?post_type=product&p=6516&preview=true Contact us at: +1 315-750-4434 help@coursehomework.com BUS 490 WEEK 4 ASSIGNMENT 1 - PREPARING A COMPREHENSIVE CASE ANALYSIS, PART 1 Research a public corporation that you believe is not doing as well as it could in the marketplace. For this first paper, you will complete the first steps of a comprehensive written analysis as described in Part 6 of the textbook. The written analysis
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Assignment #1: JET Copies Case Problem Strayer University MAT540: Quantitative Methods October 29, 2013 JET Copies is a company designed to alleviate a longer commute and longer wait time, and possibly have a more cost efficient method for the college students to make copies. The three students James, Ernie, and Terri decided to go into business together with a copying business initiative. Considering what was ahead of the new business, for example, possible machine downtime and days to repair
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Case Assignment Analysis Week 1 MRKT 5000 Consumers Take a Shine to Apple Inc. Case Summary: Apple is one of the leading and profitable technology companies in the world. Their products are sold and consumed in over five continents across the globe. Beginning as a computer company in 1976, Apple has transcended into a technology company with a product mix that is dominating many electronic spectrums. Apple has revolutionized the way tech companies market to their consumers. This case study
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Jet Copies DAYS TO REPAIR The days to repair component was calculated by using the probability distribution of repair times given. This was used along with a set of random numbers based on 100 breakdowns a year. Then, a vlookup was used and the probability distribution per day to come up with the days to repair, which varies based on the random number that excel generates. The random number represents the probability of how many days it would take to repair the copier. TIME BETWEEN BREAKDOWNS
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BUS 490 WEEK 4 ASSIGNMENT 1 (COPY) http://www.activitymode.com/post_type=product&p=6516&preview=true Contact us at: • +1 315-750-4434 SUPPORT@ACTIVITYMODE.COM BUS 490 WEEK 4 ASSIGNMENT 1 - PREPARING A COMPREHENSIVE CASE ANALYSIS, PART 1 Research a public corporation that you believe is not doing as well as it could in the marketplace. For this first paper, you will complete the first steps of a comprehensive written analysis as described in Part 6 of the textbook. The written analysis
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1. Number of days needed to repair the copier. Machine Probability of Cumulative Random number repair time repair time P(y) probability range, r2 1 0.2 0.2 0.00 - 0.20 2 0.45 0.65 0.21- 0.65 3 0.25 0.9 0.66 - 0.90 4 0.1 1 0.91 - 1 2. Intervals between successive breakdowns: The probability distribution of the random variable varies between the times of 0 to 6 weeks, with the probability increasing as time goes on. This can be approximated by the function F(x) = x/18, for 0”x”6, where
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Case 1-1 1. IDEO gets its inspiration for its product design from an idea generation called “deep dive” where the analyst completely submerges themselves in the consumer environment. 2. Successful products contain a mix of utilitarian and hedonic values. Consumers want their purchase to do exactly what it needs to do, as it raises the consumers’ social status, guarantees high quality or both. 3. The consumer expects to feel something after they buy a product. The product can give the
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JET Copies – Case Description University students James, Ernie and Terri are opening a new copy center business called JET Copies. They borrowed $18,000 from Terrie’s parents to purchase their main copy machine. After the copy machine was purchased Ernie found out from a friend that the copy machine had frequent breakdowns; a breakdown between 1 and 6 weeks and often took 1 – 4 days for repair. In order to keep the business running between repairs the business owners are evaluating whether to purchase
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BSOP 330 WEEK 1 LAB ASSIGNMENT PROBLEMS To purchase this tutorial visit here: http://mindsblow.us/question_des/BSOP330WEEK1LABASSIGNMENTPROBLEMS/214 contact us at: help@mindblows.us BSOP 330 WEEK 1 LAB ASSIGNMENT PROBLEMS 4.1, 4.5, 4.9 AND 4.11, PAGES 140-141 Problems: 4.1, 4.5, 4.9 and 4.11, pages 140-141. Problems: 4.1: The following gives the number of pints of type A blood used at Woodlawn Hospital in the past 6 weeks: a) Forecast the demand for the week of October 12 using a 3-week moving
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BSOP 330 WEEK 1 LAB ASSIGNMENT PROBLEMS TO purchase this tutorial visit following link: http://wiseamerican.us/product/bsop-330-week-1-lab-assignment-problems/ Contact us at: SUPPORT@WISEAMERICAN.US BSOP 330 WEEK 1 LAB ASSIGNMENT PROBLEMS 4.1, 4.5, 4.9 AND 4.11, PAGES 140-141 Problems: 4.1, 4.5, 4.9 and 4.11, pages 140-141. Problems: 4.1: The following gives the number of pints of type A blood used at Woodlawn Hospital in the past 6 weeks: a) Forecast the demand for the week of October 12
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1952. Throughout this course you will own and operate The Broadway Cafe taking advantage of business practices discussed in this text to increase profits, keep the business running, and bring the cafe into the 21st century. Upon completion of the case students will have performed a vast array of activities including: • Use technology to gain a competitive advantage • Build an e-business strategy • Create an online community for collaboration • Deploy a wireless network for customers
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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 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
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“IPad’s” Security Breach BUS 508: Contemporary Business August 16, 2011 Strayer University Dr. Robert L. Kight Assignment 4: iPad’s Security Breach This document will attempt to discuss hacking into a Web site. Is it ever justifiable? The document will create a corporate ethics statement for a computer security firm that would allow or even encourage activities like hacking. The document will discuss whether it is important for organizations like Gawker Media to be socially responsible
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organization is well-established, so it is easier to get attention and exploit new opportunities. Best strategies are joint ventures and strategic alliances. * Stars- High Market Share / High Market Growth In this case, the business is well-established. There are strong opportunities, and hard work can realize them. Best strategies are for investment, growth and expansion. * Question Marks- Low Market Share / High Market Growth There are uncertain opportunities
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Jet Copies a Case Study Jet Copies is a small business that was started by three friends to provide copy services to students at State University. To accomplish this they borrowed from one of the partners parents to purchase a high end copy machine. But after purchasing the copy machine they found that it was not as reliable as they were led to believe. The partners wanted to find out how long and how often the copier would be out of service. They also wanted to know how much money they would lose
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Forecasting Methods La Nesha H.Tyler MTH 540: Strayer University Scientific management is based on the applying systematic approaches to solving problems and making decisions. This guide to decision making provides a number of mathematical techniques derived from varied sources such as natural science, mathematics, engineering and statistics (Taylor, 2010). One such technique used in scientific management is the Forecasting method. A Forecast provides a reasonable prediction for a future event
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Quantitative Methods -MAT 540 JET Copies Case Problem Assignment #1 Days-to-repair Terri was able to gather data from the college which allowed them to develop a table for the probability distribution of the wait for repair services on JET’s copier. To model the probability of wait times in the JET Copies simulation, the JET partners generated a random number representing the probability of an occurrence of a breakdown. They then programmed a VLOOKUP function to match this breakdown
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In my first portion of this assignment I decided to use the method like the dice. Using the repair time and probability given to us in the book. I computed the cumulative Probability by adding cells A & B; lines 5- 8 which gave me the Cum. Prob. for each day it would take for repair of the copiers. Next, I took the Cumulative Probability and the Repair Time in Days, named it Repairs. This will assist me later in finding the random numbers for the number of days the possibility of the copier breaking
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Jet Copies Shaneka Thompson Assignment 1 Math 540 Case Problem Finding the average days of repair in the simulation, first you click on the module at the top and scroll to simulation. Click simulation and open new file. There was a pop up box which you label. I labeled mine Average days of repair. Then I picked 4 categories and put in 100 trails and clicked Ok. When the spreadsheet came up I place in the value section 1, 2, 3, 4 and he frequency I placed 0.2, 0.45., 0.25, and 0.10 and clicked
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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 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
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Jet Copies Case Study 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 distribution shown. 3. In Excel, use a suitable method for simulating the lost revenue for each day the copier is out of service. 4. Put all of this together to simulate the lost
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| | ABSTRACT James, Ernie and Terri decided to open a copy center to fulfill a need for closer access to copy machines in their community. After buying their first copier, they learned some of the pitfalls associated including the breakdown of the machinery and the potential loss of revenue associated with the breakdown. Before borrowing the additional funds needed to purchase a backup copier, they wanted to get a reasonable estimate of what the potential loss of revenue would be to determine
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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 B9:B22. Once the RAND() function produced values, I copied and pasted just the values in column B9:B22 (to ensure the values would stay frozen and not continue to change). Once I had the random probabilities, I used the table given with the case (entered in cells A1:C6)
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University. They always have to go far to make copies in Klecko’s copy center as there was no copying service nearby where they live by the south gate. One day while James was standing in line at Klecko’s copy center waiting for his turn, he realizes how much time they are wasting just by waiting as most students use the same machine to get copies. James got an idea from other student who was waiting for his turn as James, if he can have a copy center by the Southgate where most of the students
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The purpose of the JET Copies Case Problem was to develop a simulation that would help identify the number of times that a copier machine would break down over a year’s time, the average repair time days, and lastly the estimated loss of revenue that occurred when the machine broke down each time. The owners of the company needed this information to make a decision on whether or not to purchase a backup copier. I decided to start with the table on page 679, which identified the probability of
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