Essay on Jet Copies

638 Words May 25th, 2013 3 Pages
Assignment #1: JET Copies Case Problem

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: 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
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Model number of weeks between breakdowns | Did not submit or did not model this component in an appropriate manner | This component was modeled, but the method and/or implementation had mistakes that affected the validity of the model | Used a method that is recognizably appropriate, but the implementation had minor mistakes | Used an appropriate method and correctly implemented it | 3. Model lost revenue due to breakdowns | Did not submit or did not model this component in an appropriate manner | This component was modeled, but the method and/or implementation had mistakes that affected the validity of the model | Used a method that is recognizably appropriate, but the implementation had minor mistakes | Used an appropriate method and correctly implemented it | 4. Provide written description and explanation of the simulation | Did not submit or described insufficiently. Omitted key points. | Provided partially developed written description that matches the method 70 - 79% accuracy. | Provided sufficiently developed written description that matches the method 80 - 89% accuracy. | Provided fully developed written description that is correct and matches the method used with 90 - 100% accuracy. | 5. Combine model

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