Solution-Estimate the loss of revenue

Estimate the loss of revenue

Assignment Help Mathematics

Reference no: EM13275932

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:

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.

In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuous distribution shown.

In Excel, use a suitable method for simulating the lost revenue for each day the copier is out of service.

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.

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).

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.

Reference no: EM13275932

Questions Cloud

Reflect on the globalisation theories : What is globalisation, and what explanations have been put forward to explain how it affects individuals and communities?

Calculate the magnetic field intensity at a distane of 1 km : the Electric field intensity of a plane electromagnetic wave is given as E(z) = 8 cos (106 π t ) ix at point ( x=0 , y=0 , z=0 ) . the magnetic field intensity is the positive y direction and the wave propagates in a material with properties ε= ε0..

Calculate the mechanical power output and efficiency : The single phase for equivalent circuit parameters for the windings of the motor referred to the stator in (ohms/phase) R1=0.2 R2=0.2 X1=0.3 X2=0.3 .the core losses and the magnetization can be ignored.

Find the charge contained inside radius a : A spherically-symmetric charge distribution in free space (with a

Estimate the loss of revenue : 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

Compute the energy density of the magnetic field : On a clear day at a certain location, a 123-V/m vertical electric field exists near the Earth's surface. Compute the energy density of the magnetic field

What is meant by hedging in the financial futures market : What is meant by "hedging in the financial futures market to offset interest rate risks"? How do firms engage in hedging activities? What knowledge is necessary to hedge the firm's risks?

Determine the conduction parameter and threshold voltage : Consider a GaAs MESFET. When the device is biased in the saturation region,Id=18.5 micrroamp,Vgs=.35 and Id=86.2 micro amp,Vgs=.5 determine the conduction parameter and k and threshold voltage Vth

Determine the power transmitted through the shaft of a car : Determine the power transmitted through the shaft of a car when the torque applied is 200 N · m and the shaft rotates at a rate of 4000 revolutions perminute (rpm).

User Account

All Pages

Estimate the loss of revenue

Reference no: EM13275932

Reference no: EM13275932

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Questions on ferris wheel

Logistic map

Finding the probability of cards

Systems of ode

Derive the boolean expression

System of equations

Linear programming problem

Find the natural domain

Introduction to numerical methods

Chart of the topological manifold

Mathematics in computing

Complex problems

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT