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 To get this estimate, they decided to develop a simulation model because they were studying simulation in one of their classes at State. To develop a simulation model, they first needed to know how frequently the copier might break down— specifically, the time between breakdowns. No one could provide them with an exact probability distribution, but from talking to staff members in the college of business, James estimated that the time between break-downs was probably between 0 and 6 weeks, with the probability increasing the longer the copier went without breaking down. Thus, the probability distribution of breakdowns generally looked like the following:
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0 6 x, weeks Next, they needed to know how long it would take to get the copier repaired when it broke down. They had a service contract with the dealer that “guaranteed” prompt repair service. However, Terri gathered some data from the college of business from which she developed the following probability distribution of repair times: Repair Time (days) Probability 1 .20 2 .45 3 .25 4 .10 ----- 1.00 Finally, they needed to estimate how much business they would lose while the copier was waiting for repair. The three of them had only a vague idea of how much business they would do but finally estimated that they would sell between 2,000 and 8,000 copies per day at $ 0.10 per copy.
authority of the state through the use of sanctions.” (Adams, 2000, p 1). This assignment will examine the English legal system and how it is interoperated through statutory and common law provisions. This will be illustrated through the use of relevant case studies, at the same time evaluating the ambiguities amongst the legal system and parliamentary laws. Parliamentary sovereignty creates laws which are enforced by the legal system thereafter. Parliament supremacy is also called “parliamentary…
CHEPTER 6: OT ANALYYSIS OF AVIATION INDUSTRY The past year has been one of change for corporate travel and the airline industry, and nearly every corporate travel program has been affected. For some, these effects have been positive; leading to lower air travel prices, but for others the effect has been negative, resulting in travel restrictions and budget cuts. Regardless, for many companies now is the time to start rebuilding travel programs through negotiations or sourcing projects, with the…
says the audit bureau of circulations for consumer magazines. The top 25 magazines overall didn’t end the year well on the financial note, the 12th ranked Ladies’ Home Journal failed the most. It declined 15.8%, a cost of more than almost 600,000 copies, in the bottom half of 2011. Due to the emergence of smartphonsses, internet accessibility and email marketing, magazines sales are continuing to decline and the magazine industry probably may never see the peak reached thirty to forty sum years ago…
change was not the answer for Asda’s problems. Many leaders make the mistake of providing technical solutions to adaptive problems. Organizations look for someone to walk through the door and have all the answers, make swift decisions, and have a roadmap plan that can lead them to the light at the end of the tunnel. Archie understood Asda had adaptive challenges far beyond a technical solution, and the only way to turn the ship around was “to face the problems for which there are no simple, painless…
Final Marketing Plan Paper MKT/421 Team B January 21, 2015 The Michael Kors Smart watch is designed to attracted men and women so there will be two different types that will feature the same benefits. The Michael Kors smart watch will feature three watches each for men and women that will have every single phone operating system tied to it. The three watches will be the same they will just be different color. The three different colors will be white, black and rose gold. The watch…
General Comments This work reviews two theories. The overall structure is clear but the content is too descriptive. The integration between theory and practice is poor. Quite a few assertions that have no evidence. In text references are missing. Areas for improvement You need to source more of your information within the text and within the references. You need to be more critical in your analysis. Students please note that this…
In either case, you are preparing a pro forma, or projected, income statement and balance sheet for The Body Shop for 2002 (income statement for the entire year and balance sheet for year-end). All values should be in British pounds (GBP). Use the following assumptions…
less than 5% for all U.S. airlines combined. However, on some routes for some airlines (U.S. mainland to Hawaii, for example) the percentage of revenue passenger miles represented by free flights exceeded 12%. And there was some evidence that the problem was growing. Background of Frequent Flier Programs American Airlines first introduced frequent flier programs in 1981. Initially the program was meant to be a promotional gimmick designed to attract more customers. The program’s immediate success…
RESPONSIBLE TOURISM Minimise negative economic, environmental and social cultural impacts. Create economic benefits for local people and improve their quality of life. Promote the conservation of natural and cultural heritage. Promote respect between local people and tourist. Multiplier effector-creates more job opportunities. MEDW-more economical developed world. LEDW-less economical developed world. Economic- money Environmental-environment Social cultural- people, community, and cultures…
JOURNAL OF BRAND STRATEGY VOL. 1, NO. 3, 264–274 AUTUMN 2012 JBS041.qxd 11/5/12 6:48 PM Page 265 BRINGING A This is not the case with Scott Kay.The company relies on a business-to-businessto-consumer model. Scott Kay sells to independent and national chains for fashion as well as bridal. All aspects of this product introduction, point-of-sale material, in-case displays, training and local advertising had to be finalised and were – at rapid speed. One important note, the product could not sit…