Thoughts for the day: HOLIDAYSSSSS

Holidays started!!! I think they call this "Easter Break"? Well, I have one week! But my one week will be filled with something.

ONE THING!!!! ONE MISERABLE THING!!!!

What is it??? You wanna know??

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It's this miserable assignment:--

Monash University Sunway Campus
Department of Econometrics and Business Statistics
ETW2480 Business Modelling
Assignment 1 2009 Semester 1

This assignment is worth 10% of your assessment for this unit. The final assignment is due with your tutor by 5pm on 17 April. This is a group assignment where groups of one, two or three are acceptable. Only students whose names are shown on the assignment will receive marks for the submission.

A large university in the eastern suburbs has an eleven story humanities building. Currently, there are two lifts, 3 stairways and a narrow escalator to facilitate vertical transport within the building. Assume (estimate) reasonable values for the number of people that can be transported within the building, and travel times by each of these methods. Assume that the maximum number of people trying to go up one floor at peak times is 250. Assume that currently 80% use the escalators, 15% use the stairs and the remainder use the lift.

There is a proposal to remove the escalators and the current lifts. New lifts to be installed will have a 50% larger capacity, and 25% faster travel time. Four new lifts are proposed. Under the new system, assume that 25% of the people will use the stairs.

Assume that the building is used 200 days per year for 10 hours per day. The average number of people travelling one floor each hour can be assumed to be 350 (of which 250 travel at peak times). The new lifts are expected to cost $40 million and last five years without significant further costs. This is based on $9 million per new lift, and the remainder for removal of the escalators. Assume a discount rate of 4%.

Your task is to advise the facilities manager about the likely success of this proposal. Are enough new lifts proposed to at least obtain better travel times under the proposal? If not, how many more lifts are required? With enough new lifts for superior travel time, what value is implied for the travel time of a person in the building?

1. Provide a brief specification for your model which includes; an introduction, assumptions, aims, limitations, concept diagram, rules table, user manual and intended output reports (around three pages).

2. Some of the given parameters are not known with certainty. Provide a sensitivity report and a spider chart showing the effect of uncertainty (around one page).

3. Provide a brief report in executive summary format highlighting your specific results and recommendations (around one page).

4. Include an assignment cover sheet assignment cover sheet signed by each student submitting the assignment and include a copy of your spreadsheet model by email.


Ok... so what's the problem with this assignment? I have not officially started, but I have read it, and decided that.....

I have no idea what to do 0.o

So God, save me~!!