Sunday
April 20, 2014

Homework Help: Quantitative Methods

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

Read the “JET Copies” Case Problem on pages 678-679 of the text of the Quantitative Methods Book. 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 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.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Quantitative Methods - Read the “JET Copies” Case Problem on pages 678-679 of ...
Math - Four classmates are comparing the number of pages that they have read in ...
Math - This needs to be worked backwards. Four classmates are comparing the ...
math - If the problem says "the sum that shows how many pages Maria read if she ...
math word problem(fraction) - Chris read 312 pages of a book at first.he read ...
fractions - Rida has 32 pages to read for homework, she read 5/8 pages then took...
Quantitative Analysis - To make meaningful causal inferences when conducting ...
math - Peter is reading a 103 page book. He has read three pages more than one ...
Math - Sam and his father are talking: Son how many pages are there in that book...
4th grade math - Bobby read 20 pages of a book one week. he read 3 times as many...

Search
Members