Jet Copies Mat540

Jet Copies DAYS TO REPAIR The age to correct component was mensurable by using the probability distribution of repair multiplication given. This was use along with a set of hit-or-miss poem game 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 hit-or-miss number that excel generates. The random number represents the probability of how m both days it would take to repair the copier. TIME BETWEEN BREAKDOWNS The time in the midst of breakdowns component was utilize 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. one time the formula was entered into excel, the formula was cipher and based on the random number calculates the time between breakdowns. LOST REVENUE The lost receipts enhancement was calculated by taking the median revenue to be earned in a given day and multiplying this by the calculated days to repair. Once this number was calculated, it was then calculated annually by taking the sum of the lost revenue column and dividing it by the cumulative time divided by 52 for 52 weeks in a year.

This calculates the annual way out of revenue. PUTTING IT ALL TOGETHER The lost revenue for one year is $52,518.04 based on calculations in the excel spreadsheet. Confidence in this answer is very high based on research. The limits of the news report are that the accurate revenue for the day was not carry so therefore an exact number cannot be unflinching for lost revenue. Also, the probability always stands a chance that the numbers are likely not to occur or to occur. Therefore, the numbers are not exact and could change at any time given the situation. REFERENCES Taylor III, Bernard W. (2011). Introduction to Management Science. Upper excite River, NJ: Prentice Hall If you want to get a full essay, order it on our website: Orderessay

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