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Chirag, Master's Degree
Category: Calculus and Above
Satisfied Customers: 11960
Experience:  I have a Master's degree in Engineering and a very wide teaching experience of more than 25 years at various levels.
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# I need help with a Jet Copy Quantitative Methods excel spr

### Resolved Question:

I need help with a Jet Copy Quantitative Methods excel spreadsheet.
Submitted: 1 month ago.
Category: Calculus and Above
Expert:  Chirag replied 1 month ago.
Hi, Welcome and Thanks for using Just Answer

Please tell me in detail what you need. If you have a problem to be solved, please post it. I may be able to assist you.

Thanks.
Customer: replied 1 month ago.

I need help setting up an excel spreadsheet to solve this problem.

Students bought an \$18,000 copier to start their own copy business.

- Wanted to purchase a smaller copier for \$8,000 as back-up

- Created a simulation to estimate the amount of revenue that would be lost if they did not have a backup

- Time between breakdowns is 0 weeks to 6 weeks (see probability function on page 679, and provided later in this set up

- Developed following probability distribution of repair times:

 Repair Time (days) Probability 1 0.20 2 0.45 3 0.25 4 0.10

- Estimated they would sell between 2,000 and 8,000 copies per day at 10 cents (0.10) per copy

- Used a uniform probability distribution between 2,000 and 8,000 to estimate how many copies they would sell per day

- If loss of revenue due to machine downtime during 1 year is greater than or equal to \$12,000, then they should purchase the back-up copier

- Decided to conduct a manual simulation of this process for 1 year to see if the model was working correctly

Expert:  Chirag replied 1 month ago.

Please upload the file to a free file sharing site such as www.sendspace.com, share the file and post the link here. Then I can better understand what needs to be done.

Thanks.
Customer: replied 1 month ago.

http://www.sendspace.com/file/rhwigp

Expert:  Chirag replied 1 month ago.
Ok. I will need time for this. Let me know by when you need this.

Also, since it involves more work, I request a \$20 bonus after completion. Please let me know if this is ok.

Thanks.
Customer: replied 1 month ago.

Is tomorrow okay. And yes, I'm okay with the additional bonus. I appreciate the help.

Expert:  Chirag replied 1 month ago.
Ok. I will post the answer file within 15 to 18 hours from now, for sure. (Please do not reply to this message)

Thanks.
Expert:  Chirag replied 1 month ago.
Hi

http://www.sendspace.com/file/rys046

I hope that helps. Let me know if you need any clarifications. Please Rate My Answer (and Add The Tip.

Thanks.
Chirag, Master's Degree
Satisfied Customers: 11960
Experience: I have a Master's degree in Engineering and a very wide teaching experience of more than 25 years at various levels.
Customer: replied 1 month ago.

Thank you very much for your help. This really helps me out a lot! Thanks again. I would definitely recommend you to others.

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