Question 1

The effects of OM policies over many months or years can be obtained by computer simulation in a short time.This phenomenon is referred to as ________.

Accepted Answer

The answer of The effects of OM policies over many...

Question 2

Which of the following is TRUE regarding the use of simulation?

Accepted Answer

A) It is always very easy to build a simulation model. 
B) It may interfere with real-world systems. 
C) It always yields optimal solutions. 
D) It allows time-compression in testing major policy decisions. 
E) Few constraints,if any,have to be considered. 
A) It is always very easy to build a simulation model. 
B) It may interfere with real-world systems. 
C) It always yields optimal solutions. 
D) It allows time-compression in testing major policy decisions. 
E) Few constraints,if any,have to be considered.

Question 3

The number of tires sold at a car garage varies randomly between 0 and 4 each hour,with equally probability for each possible outcome.What set of random numbers (on the 01-100 scale)would tire sales of 2 be assigned?

Accepted Answer

A) 01 through 20 
B) 21 through 40 
C) 41 through 60 
D) 51 through 75 
E) 26 through 50 
A) 01 through 20 
B) 21 through 40 
C) 41 through 60 
D) 51 through 75 
E) 26 through 50

Question 4

Simulation is used for several reasons,including which of the following?

Accepted Answer

A) Model development is a fast process. 
B) The models can usually be solved by hand. 
C) The models are usually simple. 
D) It can handle large and complex real-world problems. 
E) It always generates optimal solutions. 
A) Model development is a fast process. 
B) The models can usually be solved by hand. 
C) The models are usually simple. 
D) It can handle large and complex real-world problems. 
E) It always generates optimal solutions.

Question 5

One of the disadvantages of simulation is that it:

Accepted Answer

A) does not allow for very complex problem solutions. 
B) produces solutions and inferences that are not usually transferable to other problems. 
C) time compression may occur. 
D) is very limited in the type of probability distributions that can be used. 
E) interferes with the production system while the program is being run. 
A) does not allow for very complex problem solutions. 
B) produces solutions and inferences that are not usually transferable to other problems. 
C) time compression may occur. 
D) is very limited in the type of probability distributions that can be used. 
E) interferes with the production system while the program is being run.

Question 6

Simulation can use any probability distribution that the user defines.

Accepted Answer

A) True 
 B)False

Question 7

The seven steps in the use of simulation include all EXCEPT which of the following?

Accepted Answer

A) Define the problem. 
B) Construct a numerical model. 
C) Introduce important variables associated with the problem. 
D) Find the optimal solution. 
E) Run the experiment. 
A) Define the problem. 
B) Construct a numerical model. 
C) Introduce important variables associated with the problem. 
D) Find the optimal solution. 
E) Run the experiment.

Question 8

Which of the following statements regarding simulation is TRUE?

Accepted Answer

A) Large-scale simulation models are virtually all handled by computer. 
B) Simulation has numerous areas of application in operations. 
C) Simulation attempts to duplicate a real system. 
D) The process of simulation involves seven steps. 
E) All of these are true. 
A) Large-scale simulation models are virtually all handled by computer. 
B) Simulation has numerous areas of application in operations. 
C) Simulation attempts to duplicate a real system. 
D) The process of simulation involves seven steps. 
E) All of these are true.

Question 9

Identify,in order,the five steps required to implement the Monte Carlo simulation technique.

Accepted Answer

(1)Setting up a probability distribution

Question 10

The idea behind simulation is threefold: (1)to imitate a real-world situation mathematically, (2)then to study its properties and operating characteristics,and (3)finally to draw conclusions and make action decisions based on the results of the simulation.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following are advantages of simulation? I.time compression
II."what-if?" questions are possible
III.flexibility
IV.repetitive approach
V.input must be user generated

Accepted Answer

A) I,III,V 
B) I,II,V 
C) II,III,IV,V 
D) I,II,IV,V 
E) I,II,III 
A) I,III,V 
B) I,II,V 
C) II,III,IV,V 
D) I,II,IV,V 
E) I,II,III

Question 12

A simulation is "Monte Carlo" when the elements of a system being simulated exhibit chance in their behavior.

Accepted Answer

A) True 
 B)False

Question 13

One of the advantages of simulation is that:

Accepted Answer

A) managers must generate all of the conditions and constraints for solutions that they want to examine. 
B) it always generates a more accurate solution than a mathematical solution would. 
C) the policy changes may be tried without disturbing the real-life system. 
D) model development is less time consuming than for mathematical models. 
E) model solutions are transferable to a wide variety of problems. 
A) managers must generate all of the conditions and constraints for solutions that they want to examine. 
B) it always generates a more accurate solution than a mathematical solution would. 
C) the policy changes may be tried without disturbing the real-life system. 
D) model development is less time consuming than for mathematical models. 
E) model solutions are transferable to a wide variety of problems.

Question 14

Simulation provides optimal solutions to problems.

Accepted Answer

A) True 
 B)False

Question 15

Identify the seven steps involved in using simulation.

Accepted Answer

1.Define the problem.
2.Introduce the im

Question 16

By starting random number intervals at 01,not 00,the top of each range is the cumulative probability.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is TRUE regarding simulation?

Accepted Answer

A) Small problems can be done by hand. 
B) Most simulations are computerized. 
C) Real-world complications can be included in simulation models. 
D) Simulation is most suitable where standard analytical models are too complex. 
E) All of the above are true. 
A) Small problems can be done by hand. 
B) Most simulations are computerized. 
C) Real-world complications can be included in simulation models. 
D) Simulation is most suitable where standard analytical models are too complex. 
E) All of the above are true.

Question 18

One of the disadvantages of simulation is that it:

Accepted Answer

A) does not allow for very complex problem solutions. 
B) is not very flexible. 
C) may be very time-consuming to develop. 
D) is very limited in the type of probability distributions that can be used. 
E) interferes with the production system while the program is being run. 
A) does not allow for very complex problem solutions. 
B) is not very flexible. 
C) may be very time-consuming to develop. 
D) is very limited in the type of probability distributions that can be used. 
E) interferes with the production system while the program is being run.

Question 19

Which of the following is NOT a step in running a Monte Carlo simulation?

Accepted Answer

A) setting up a probability distribution for important variables 
B) building a cumulative probability distribution for each variable 
C) establishing an interval of random numbers for each variable 
D) generating random numbers 
E) All of the above are steps in running a Monte Carlo simulation. 
A) setting up a probability distribution for important variables 
B) building a cumulative probability distribution for each variable 
C) establishing an interval of random numbers for each variable 
D) generating random numbers 
E) All of the above are steps in running a Monte Carlo simulation.

Question 20

________ is the attempt to duplicate the features,appearance,and characteristics of a real system,usually via a computerized model.

Accepted Answer

The answer of ________ is the attempt to duplicate the...

Exam 27: Simulation

The effects of OM policies over many months or years can be obtained by computer simulation in a short time.This phenomenon is referred to as ________.

Which of the following is TRUE regarding the use of simulation?

The number of tires sold at a car garage varies randomly between 0 and 4 each hour,with equally probability for each possible outcome.What set of random numbers (on the 01-100 scale)would tire sales of 2 be assigned?

Simulation is used for several reasons,including which of the following?

One of the disadvantages of simulation is that it:

Simulation can use any probability distribution that the user defines.

The seven steps in the use of simulation include all EXCEPT which of the following?

Which of the following statements regarding simulation is TRUE?

Identify,in order,the five steps required to implement the Monte Carlo simulation technique.

The idea behind simulation is threefold: (1)to imitate a real-world situation mathematically, (2)then to study its properties and operating characteristics,and (3)finally to draw conclusions and make action decisions based on the results of the simulation.

Which of the following are advantages of simulation? I.time compression II."what-if?" questions are possible III.flexibility IV.repetitive approach V.input must be user generated

A simulation is "Monte Carlo" when the elements of a system being simulated exhibit chance in their behavior.

One of the advantages of simulation is that:

Simulation provides optimal solutions to problems.

Identify the seven steps involved in using simulation.

By starting random number intervals at 01,not 00,the top of each range is the cumulative probability.

Which of the following is TRUE regarding simulation?

One of the disadvantages of simulation is that it:

Which of the following is NOT a step in running a Monte Carlo simulation?

________ is the attempt to duplicate the features,appearance,and characteristics of a real system,usually via a computerized model.

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