Question 1

Which of the following is NOT a disadvantage of simulation?

Accepted Answer

A) time compression 
B) good simulation models can take a long time to develop 
C) repetitive approach 
D) all input must be user generated 
E) All of these are disadvantages to simulation. 
A) time compression 
B) good simulation models can take a long time to develop 
C) repetitive approach 
D) all input must be user generated 
E) All of these are disadvantages to simulation.

Question 2

A(n)________ is the accumulation of individual probabilities of a distribution.

Accepted Answer

cumulative

Question 3

State the three-fold idea behind simulation.

Accepted Answer

(1)to imitate a real-world situation mat

Question 4

Which of the following is an idea behind simulation?

Accepted Answer

A) to imitate a real-world situation mathematically 
B) study the properties and operating characteristics 
C) draw conclusions and make decisions based on the results 
D) both A and B 
E) A,B,and C are all ideas behind simulation. 
A) to imitate a real-world situation mathematically 
B) study the properties and operating characteristics 
C) draw conclusions and make decisions based on the results 
D) both A and B 
E) A,B,and C are all ideas behind simulation.

Question 5

Simulation allows managers to test the effects of major policy decisions on real-life systems without disturbing the real system.

Accepted Answer

A) True 
 B)False

Question 6

Simulation models that are based on the generation of random numbers may fail to give the same solution in repeated use to any particular problem.

Accepted Answer

A) True 
 B)False

Question 7

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?

Accepted Answer

@#IMG-DLM& Tires sold sum is given by 0 + 2 + 1 +

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

From a portion of a probability distribution,you read that P(demand = 0)is 0.05 and P(demand = 1)is 0.10.The cumulative probability for demand = 1 would be which of the following?

Accepted Answer

A) 0.05 
B) 0.075 
C) 0.10 
D) 0.15 
E) 0.005 
A) 0.05 
B) 0.075 
C) 0.10 
D) 0.15 
E) 0.005

Question 10

What is the Monte Carlo method?

Accepted Answer

The Monte Carlo method is a si

Question 11

Despite the powerful simulation software available today,good simulation models can take a long time to develop.

Accepted Answer

A) True 
 B)False

Question 12

Random number intervals are based on cumulative probability distributions.

Accepted Answer

A) True 
 B)False

Question 13

In most real-world inventory problems,lead time and demand vary in ways that make simulation a necessity because mathematical modeling is extremely difficult.

Accepted Answer

A) True 
 B)False

Question 14

A distribution of service times at a waiting line indicates that service takes 12 minutes 30 percent of the time and 14 minutes 70 percent of the time.This distribution has been prepared for Monte Carlo analysis.The first four random numbers drawn are 07,60,77,and 49.What is the average service time of this simulation?

Accepted Answer

A) 12 minutes 
B) 13 minutes 
C) 13.5 minutes 
D) 14 minutes 
E) 54 minutes 
A) 12 minutes 
B) 13 minutes 
C) 13.5 minutes 
D) 14 minutes 
E) 54 minutes

Question 15

Explain what is meant by the concept of "time compression" in simulation modeling.

Accepted Answer

The effects of OM policies ove

Question 16

Identify five applications of simulation.

Accepted Answer

The five applications of simulation can

Question 17

One effective use of simulation is to study problems for which the mathematical models of operations management are not realistic enough.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

The answer of Complete the following table in preparation for...

Question 19

One of the advantages of simulation is that:

Accepted Answer

A) real-world complications can be included that most OM models cannot permit. 
B) it always generates a more accurate solution than a mathematical model does. 
C) it is a repetitive approach that may produce different solutions in repeated runs. 
D) model development is less time consuming than for mathematical models. 
E) model solutions are transferable to a wide variety of problems. 
A) real-world complications can be included that most OM models cannot permit. 
B) it always generates a more accurate solution than a mathematical model does. 
C) it is a repetitive approach that may produce different solutions in repeated runs. 
D) model development is less time consuming than for mathematical models. 
E) model solutions are transferable to a wide variety of problems.

Question 20

Explain how Monte Carlo simulation uses random numbers.

Accepted Answer

First,a cumulative probability distribut

Exam 27: Simulation

Which of the following is NOT a disadvantage of simulation?

A(n)________ is the accumulation of individual probabilities of a distribution.

State the three-fold idea behind simulation.

Which of the following is an idea behind simulation?

Simulation allows managers to test the effects of major policy decisions on real-life systems without disturbing the real system.

Simulation models that are based on the generation of random numbers may fail to give the same solution in repeated use to any particular problem.

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?

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

From a portion of a probability distribution,you read that P(demand = 0)is 0.05 and P(demand = 1)is 0.10.The cumulative probability for demand = 1 would be which of the following?

What is the Monte Carlo method?

Despite the powerful simulation software available today,good simulation models can take a long time to develop.

Random number intervals are based on cumulative probability distributions.

In most real-world inventory problems,lead time and demand vary in ways that make simulation a necessity because mathematical modeling is extremely difficult.

Explain what is meant by the concept of "time compression" in simulation modeling.

Identify five applications of simulation.

One effective use of simulation is to study problems for which the mathematical models of operations management are not realistic enough.

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

One of the advantages of simulation is that:

Explain how Monte Carlo simulation uses random numbers.

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 and Sop

Material Requirements Planning Mrpand Erp

Short-Term Scheduling

Jit,tps,and Lean Operations

Maintenance and Reliability

Sustainability in the Supply Chain

Statistical Process Control

Capacity and Constraint Management

Supply Chain Management Analytics

Decision-Making Tools

Linear Programming

Transportation Models

Waiting-Line Models

Learning Curves

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