Jet Copies case

Jet Copies case - Jet Copies 1 Jet Copies By: Cassidy C....

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Jet Copies 1 Jet Copies By: Cassidy C. Casey Submitted to: Dr. Vargha Azad MAT540 Quantitative Methods May 1, 2011
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Jet Copies 2 DAYS TO REPAIR The days to repair component was calculated by using the probability distribution of repair times given. This was used along with a set of random numbers based on 100 breakdowns a year. Then, a vlookup was used and the probability distribution per day to come up with the days to repair, which varies based on the random number that excel generates. The random number represents the probability of how many days it would take to repair the copier. TIME BETWEEN BREAKDOWNS The time between breakdowns component was implemented by taking the formula for elapsed time between breakdowns as stated by Bernard Taylor III (2011). The formula is x=4√r1 where x equals the weeks between machine breakdowns and r1 equals the random number. Once the formula was entered into excel, the formula was calculated and based on the random number calculates the time between breakdowns. LOST REVENUE
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This note was uploaded on 08/03/2011 for the course ACCT 565 taught by Professor Prof during the Spring '09 term at Strayer.

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Jet Copies case - Jet Copies 1 Jet Copies By: Cassidy C....

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