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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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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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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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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“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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Strategic Management Plan (Name) (University) (Course) (Tutor) 12th February, 2012. Strategic management Plan Strategic management is a vital craft on the relationship between an organization and its environment. A goods strategy normally enables an organization to compete effectively in a given environment. Every organization is faced with an external environment in which they operate. The environment comprise of a macro environment which is defined by the economic, technological, social
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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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distribution function is: F(x) = x²/36 for 0”x”6 Lost revenue: Since the number of copies sold per day is a uniform probability distribution between 2000 to 8000 copies, r3 is a random number between 2000 and 8000. To get the amount of business lost on a particular day is r1, r2 and r3 are random number picked, as well as repair time, and the lost revenue is then calculated by their charging price of $0.10 per copy. Simulation Random Times between Cumulative S. Random Repair S. Random Z= 6r +
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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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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
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