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. Repair Time P(Y) Cumulative RN Range 1 0.20 0.20 01-20 2 0.45 0.65 21-65 3 0.25 0.90 66-90 4 0.10 1.00 91-99,000 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.
The equal probability of the copier breaking down before or after is the average time between breakdowns. So z^2/36 = 1/2. Solving gives z = 4.243 weeks. The uniform distribution for the number of copies sold per day, standard number of copies sold will be the average of the high and low estimates, which is 5000 copies per day. At 10 cents each, the expected revenue of $500 per day, and the amount will be lost while the copier is broken.
Assignment #1: JET Copies Case Problem MAT 540 Quantitative Methods Professor Abdul Khan January 26, 2014 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. As for the first segment of the case, I needed to figure out the number of days needed in order to repair the copier. Initially, I assumed that the amount of days required to repair a copier is random. So with that, I could generate a random number using the Excel RAND function that I designated r2 between 0 and 1.
The next step is to use the function (in this case) =SUM (H5+G5) and copy down to 52 weeks. Model lost revenue due to breakdown When going through the problem finding the amount of copies sold per day, copies lost and revenue I then found the estimated revenue lost per year by dividing the revenue by 365 days, which gave me the average lost revenue. The questions that James, Ernie and Terri is, per Taylor III, B 2011: “Perform this manual simulation for JET Copies and determine the loss of revenue for 1 year.” (Pg. 679) If the loss of revenue were $12,000 or more they would purchase the backup copier. In this case the loss is under their specified amount so therefore they will not need the back up copier.
This process takes 0.16 hour for a batch of 100 larger tiles and 0.20 hour for a batch of 100 smaller tiles. Forty hours are available each week for the glazing process. Each batch of 100 large tiles requires 32.8 pounds of the clay derivative to produce,
Question 16 State a source of both short-term and long-term funds. Brighton School of Business and Management Limit Brighton School of Business and Management Limited Assignment 2 Read through the following case incidents and then deal with the questions that follow, writing your answers on a separate sheet of paper. Aeromotors Limited has been trading for a year and so it is time to draw up a profit and loss account and a balance sheet. (All amounts are in £’000.) Sales for the year were £4,470.
 Save $75-80 million by the end of 2002 through corporate restructuring and the closing of order distribution sites.  Maintain sales growth of at least 3 to 4 percent per year. Duration for the project was 48 months and as the project was modified, the company had only 39 months to complete the project. During that Hershey's information systems management set as a goal a move to an ERP system using software from SAP AG of Walldorf, Germany. In addition the company decided to install software from Siebel Systems Inc. of San Mateo, California.
I then multiplied this number by 35,040 to find the amount of water lost in a whole year and I got 12,591.73. I’m assuming the water that enters the water heater is 40-degrees F and it leaves the heater at 120-degrees F. It takes 1 BTU to raise the temperature of 1 pound of water 1-degree
d. increase by $1,400. status: incorrect (0.0) correct: a your answer: b feedback: Incorrect. [600 × $3] - [700 × ($8 - $6)] = $400 decrease ________________________________________ 3 The following information pertains to the Norfolk Company's three products: Assume that Product C is discontinued and the extra space is devoted to the production of Product A. Product A production is increased to 500 units per year, but the selling price on all units of A is reduced to $7.00. Assuming everything
Old press – Originally purchased 3 years ago at an installed cost of $400,000, it is being depreciated under MACRS using a 5-year recovery period. The old press has a remaining economic life of 5 years. It can be sold today to net $420,000 before taxes; if it is retained, it can be sold to net $150,000 before taxes at the end of 5 years. Press A – This highly automated press can be purchased for $830,000 and will require $40,000 in installation costs. It will be depreciated under MACRS using a 5-year recovery period.