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MAT 540

# MAT 540

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http://researcherclub.com/product.php?id_product=114

Assignments:

Week 3 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 answer the question asked in the case study.
5. In a word processing program, write a brief description/explanation of how you implemented each component of the model. Write 1-2 paragraphs for each component of the model (days-to-repair; interval between breakdowns; lost revenue; putting it together).
6. Answer the question posed in the case study. How confident are you that this answer is a good one? What are the limits of the study? Write at least one paragraph.
Week 4 Assignment 2: Internet Field Trip - Forecasting Methods

1. Research: Research at least six (6) information sources on forecasting methods; take notes and record and interpret significant facts, meaningful graphics, accurate sounds and evaluated alternative points of view.
2. Preparation: Produce as storyboard with thumbnails of at least ten (10) slides. Include the following elements:
Title of slide, text, background color, placement & size of graphic, fonts - color, size, type for text and headings
Hyperlinks (list URLs of any site linked from the slide), narration text, and audio files (if any)
o Number on slides clear
o Logical sequence to the presentation
3. Content: Provide written content with the following elements:
o introduction that presents the overall topic (clear sense of the project’s main idea) and draws the audience into the presentation with compelling questions or by relating to the audience's interests or goals.
o accurate, current
o clear, concise, and shows logical progression of ideas and supporting information
o motivating questions and advanced organizers
o drawn mainly from primary sources
4. Text Elements: Slides should have the following characteristics:
o fonts are easy-to-read; point size that varies appropriately for headings and text
o italics, bold, and indentations enhance readability
o background and colors enhance the readability of text
o appropriate in length for the target audience; to the point
5. Layout: The layout should have the following characteristics:
o visually pleasing
o contributes to the overall message
6. Media: The graphics, sound, and/or animation should
o assist in presenting an overall theme and enhance understanding of concept, ideas and relationships
o have original images that are created using proper size and resolution; enhance the content
o have a consistent visual theme.
7. Citations: The sources of information should:
o properly cited so that the audience can determine the credibility and authority of the information presented
o be properly formatted according to APA style

Week 7 Assignment 3 Case Problem - Julia’s Food Booth

Julia is a senior at Tech, and she’s investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football games. Tech sells out every home game, and Julia knows, from attending the games herself, that everyone eats a lot of food. She has to pay \$1,000 per game for

http://researcherclub.com/product.php?id_product=114

Assignments:

Week 3 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 answer the question asked in the case study.
5. In a word processing program, write a brief description/explanation of how you implemented each component of the model. Write 1-2 paragraphs for each component of the model (days-to-repair; interval between breakdowns; lost revenue; putting it together).
6. Answer the question posed in the case study. How confident are you that this answer is a good one? What are the limits of the study? Write at least one paragraph.
Week 4 Assignment 2: Internet Field Trip - Forecasting Methods

1. Research: Research at least six (6) information sources on forecasting methods; take notes and record and interpret significant facts, meaningful graphics, accurate sounds and evaluated alternative points of view.
2. Preparation: Produce as storyboard with thumbnails of at least ten (10) slides. Include the following elements:
Title of slide, text, background color, placement & size of graphic, fonts - color, size, type for text and headings
Hyperlinks (list URLs of any site linked from the slide), narration text, and audio files (if any)
o Number on slides clear
o Logical sequence to the presentation
3. Content: Provide written content with the following elements:
o introduction that presents the overall topic (clear sense of the project’s main idea) and draws the audience into the presentation with compelling questions or by relating to the audience's interests or goals.
o accurate, current
o clear, concise, and shows logical progression of ideas and supporting information
o motivating questions and advanced organizers
o drawn mainly from primary sources
4. Text Elements: Slides should have the following characteristics:
o fonts are easy-to-read; point size that varies appropriately for headings and text
o italics, bold, and indentations enhance readability
o background and colors enhance the readability of text
o appropriate in length for the target audience; to the point
5. Layout: The layout should have the following characteristics:
o visually pleasing
o contributes to the overall message
6. Media: The graphics, sound, and/or animation should
o assist in presenting an overall theme and enhance understanding of concept, ideas and relationships
o have original images that are created using proper size and resolution; enhance the content
o have a consistent visual theme.
7. Citations: The sources of information should:
o properly cited so that the audience can determine the credibility and authority of the information presented
o be properly formatted according to APA style

Week 7 Assignment 3 Case Problem - Julia’s Food Booth

Julia is a senior at Tech, and she’s investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football games. Tech sells out every home game, and Julia knows, from attending the games herself, that everyone eats a lot of food. She has to pay \$1,000 per game for

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Assignments:Week 3 Assignment 1
:
JET Copies Case Problem
Read the “JET Copies” Case Problem on pages 678-679 of the text. Usingsimulation estimate the loss of revenue due to copier breakdown for one year, asfollows:1.In Excel, use a suitable method for generating the number of days needed torepair the copier, when it is out of service, according to the discretedistribution shown.2.In Excel, use a suitable method for simulating the interval betweensuccessive breakdowns, according to the continuous distribution shown.3.In Excel, use a suitable method for simulating the lost revenue for each daythe copier is out of service.4.Put all of this together to simulate the lost revenue due to copier breakdownsover 1 year to answer the question asked in the case study.5.In a word processing program, write a brief description/explanation of howyou implemented each component of the model. Write 1-2 paragraphs for each component of the model (days-to-repair; interval between breakdowns;lost revenue; putting it together).6.Answer the question posed in the case study. How confident are you that thisanswer is a good one? What are the limits of the study? Write at least oneparagraph.
Week 4 Assignment 2: Internet Field Trip - Forecasting Methods
1. Research: Research at least six (6) information sources on forecastingmethods; take notes and record and interpret significant facts, meaningfulgraphics, accurate sounds and evaluated alternative points of view.2. Preparation: Produce as storyboard with thumbnails of at least ten (10)slides. Include the following elements:Title of slide, text, background color, placement & size of graphic, fonts -color, size, type for text and headingsHyperlinks (list URLs of any site linked from the slide), narration text, andaudio files (if any)o Number on slides clear o Logical sequence to the presentation3. Content: Provide written content with the following elements:

o introduction that presents the overall topic (clear sense of the project’s mainidea) and draws the audience into the presentation with compelling questions or by relating to the audience's interests or goals.o accurate, currento clear, concise, and shows logical progression of ideas and supportinginformationo motivating questions and advanced organizerso drawn mainly from primary sources4. Text Elements: Slides should have the following characteristics:o fonts are easy-to-read; point size that varies appropriately for headings andtexto italics, bold, and indentations enhance readabilityo background and colors enhance the readability of texto appropriate in length for the target audience; to the point5. Layout: The layout should have the following characteristics:o visually pleasingo contributes to the overall messageo appropriate use of headings, subheadings and white space6. Media: The graphics, sound, and/or animation shouldo assist in presenting an overall theme and enhance understanding of concept,ideas and relationshipso have original images that are created using proper size and resolution;enhance the contento have a consistent visual theme.7. Citations: The sources of information should:o properly cited so that the audience can determine the credibility and authorityof the information presentedo be properly formatted according to APA style
Week 7 Assignment 3 Case Problem - Julia’s Food Booth
Julia is a senior at Tech, and she’s investigating different ways to finance her finalyear at school. She is considering leasing a food booth outside the Tech stadium athome football games. Tech sells out every home game, and Julia knows, fromattending the games herself, that everyone eats a lot of food. She has to pay \$1,000per game for a booth, and the booths are not very large. Vendors can sell either foodor drinks on Tech property, but not both. Only the Tech athletic departmentconcession stands can sell both inside the stadium. She thinks slices of cheesepizza, hot dogs, and barbecue sandwiches are the most popular food items amongfans and so these are the items she would sell. Most food items are sold during the hour before the game starts and during half time;thus it will not be possible for Julia to prepare the food while she is selling it. Shemust prepare the food ahead of time and then store it in a warming oven. For \$600she can lease a warming oven for the six-game home season. The oven has 16

shelves, and each shelf is 3 feet by 4 feet. She plans to fill the oven with the threefood items before the game and then again before half time. Julia has negotiated with a local pizza delivery company to deliver 14-inch cheesepizzas twice each game – 2 hours before the game and right after the openingkickoff. Each pizza will cost her \$4.50 and will include 6 slices. She estimates it willcost her \$0.50 for each hot dog and \$1.00 for each barbecue sandwich if she makesthe barbecue herself the night before. She measured a hot dog and found it takesup about 16 in
2
of space, whereas a barbecue sandwich takes up about 25 in
2
. Sheplans to sell a piece of pizza for \$1.50 and a hot dog for \$1.60 each and a barbecuesandwich for \$2.25. She has \$1,500 in cash available to purchase and prepare thefood items for the first home game; for the remaining five games she will purchaseher ingredients with money she has made from the previous game. Julia has talked to some students and vendors who have sold food at previousfootball games at Tech as well as at other universities. From this she hasdiscovered that she can expect to sell at least as many slices of pizza as hot dogsand barbecue sandwiches combined. She also anticipates that she will probably sellat least twice as many hot dogs as barbecue sandwiches. She believes that she willsell everything she can stock and develop a customer base for the season if shefollows these general guidelines for demand. If Julia clears at least \$1,000 in profit for each game after paying all her expenses,she believes it will be worth leasing the booth. A. Formulate a linear programming model for Julia that will help you to advise her if she should lease the booth. Formulate the model for the first home game. Explainhow you derived the profit function and constraints and show any calculations thatallow you to arrive at those equations. B. Solve the linear programming model using a computer for Julia that will help youadvise her if she should lease the booth. In this solution, determine the number of pizza slices, hot dogs and barbecue sandwiches she should sell at each game. Alsodetermine the revenues, cost and profit; and do an analysis of how much money sheactually will make each game given the expenses of each game. Do an analysis of the profit solution and what impact it has on Julia’s ability to havesufficient funds for the next home game to purchase and prepare the food. Whatwould you recommend to Julia? C. If Julia were to borrow some money from a friend before the first game topurchase more ingredients, she feels she can increase her profits. What amount, if any, would you recommend to Julia to borrow? D. Food prices have been rising lately. Assume purchase costs for the food is now\$6.00 for each pizza, \$0.75 for each hot dog, and \$1.25 for each barbecuesandwich. Repeat the analysis of Part B. What would you recommend to Julia to doat this point?