JET Case Problem



JET Case Problem

1. I used the simulation process in order to solve the case which aims to determine the loss in revenues for 1 year. Using the given conditions in the case study, I obtained the following probability distribution in MS Excel by using the random numbers function and defined them accordingly:

0 < R2 < 0.20 = 1 day for repair

0.20 < R2 < 0.65 = 2 days for repair

0.65 < R2 < 0.90 = 3 days for repair

0.90 < R2 < 1 = 4 days for repair

2. No, using the above probability of distribution and the given ...