Exam 26: Vehicle Routing and Scheduling

Explore all topics

Suppose the following random numbers (1, 34, 22, 78, 56, 98, 00, 82) were selected during a Monte Carlo simulation that was based on the chart below. What was the average demand per period for the simulation? What is the expected demand?

(Essay)

4.7/5

(37)

Question 81

One of the advantages of simulation is that

(Multiple Choice)

4.8/5

(33)

Question 82

A simulation model is designed to arrive at a single specific numerical answer to a given problem.

(True/False)

4.9/5

(28)

Question 83

Explain how Monte Carlo simulation uses random numbers.

(Essay)

4.8/5

(45)

Question 84

Like mathematical and analytical models, simulation is restricted to using the standard probability distributions.

(True/False)

4.9/5

(28)

Question 85

State the three-fold idea behind simulation.

(Essay)

4.8/5

(35)

Question 86

Historical records on a certain product indicate the following behavior for demand. The data represent the 288 days that the business was open during 2000. Convert these data into random number intervals.

(Essay)

4.9/5

(26)

Question 87

Simulation can use any probability distribution that the user defines.

(True/False)

4.8/5

(28)

Question 88

Simulation is used for several reasons, including

(Multiple Choice)

4.9/5

(37)

Question 89

Complete the following table in preparation for a Monte Carlo simulation.

(Essay)

4.8/5

(32)

Question 90

One reason for using simulation rather than an analytical model in an inventory problem is that the simulation is able to handle probabilistic demand and lead times.

(True/False)

4.8/5

(31)

Question 91

"Time compression" and the ability to pose "what-if" questions are elements of

(Multiple Choice)

4.8/5

(40)

Question 92

Showing 81 - 92 of 92

Suppose the following random numbers (1, 34, 22, 78, 56, 98, 00, 82) were selected during a Monte Carlo simulation that was based on the chart below. What was the average demand per period for the simulation? What is the expected demand?

One of the advantages of simulation is that

A simulation model is designed to arrive at a single specific numerical answer to a given problem.

Explain how Monte Carlo simulation uses random numbers.

Like mathematical and analytical models, simulation is restricted to using the standard probability distributions.

State the three-fold idea behind simulation.

Historical records on a certain product indicate the following behavior for demand. The data represent the 288 days that the business was open during 2000. Convert these data into random number intervals.

Simulation can use any probability distribution that the user defines.

Simulation is used for several reasons, including

Complete the following table in preparation for a Monte Carlo simulation.

One reason for using simulation rather than an analytical model in an inventory problem is that the simulation is able to handle probabilistic demand and lead times.

"Time compression" and the ability to pose "what-if" questions are elements of

Operations and Productivity

Operations Strategy in a Global Environment

Project Management

Forecasting

Design of Goods and Services

Managing Quality

Process Strategy

Location Strategies

Layout Strategies

Human Resources, Job Design, and Work Measurement

Supply-Chain Management

Inventory Management

Aggregate Planning

Material Requirements Planning Mrp and Erp

Short-Term Scheduling

Just-In-Time and Lean Options

Maintenance and Reliability

Statistical Tools for Managers

Acceptance Sampling

The Simplex Method of Linear Programming

The Modi and Vam Methods of Solving Transportation Problems

Vehicle Routing and Scheduling

Managing Quality

Process Strategy

Supply-Chain Management

Filters