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November 24, 2014

November 24, 2014

Posted by **Ashley Johnson** on Tuesday, October 4, 2011 at 9:31am.

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 revenue due to copier breakdowns over 1 year to answer the question asked in the case study.

5. 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).

6. Answer the question posed in the case study. How confident are you that this answer is a good one? What are the limits of the study? Write at least one paragraph.

- Quantitative Methods -
**Dr Russ**, Tuesday, October 4, 2011 at 9:39amIt is not that helpful to post a reference to a problem in a text book to which there is no access.

You are also unlikely to get answers to a multiple part problem unless you are asking for comment on your own answers.

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