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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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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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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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 probability
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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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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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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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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 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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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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