Question 1

Which of the following is not considered one of the 5 steps of Monte Carlo Simulation?

Accepted Answer

A) establishing probability distributions for important input variables 
B) generating random number 
C) building a cumulative probability distribution for each input variable 
D) establishing an objective function 
E) simulating a series of trials 
A) establishing probability distributions for important input variables 
B) generating random number 
C) building a cumulative probability distribution for each input variable 
D) establishing an objective function 
E) simulating a series of trials

Question 2

The number of cars arriving at a self-service gasoline station during the last 50 hours of operation are as follows:   Create an appropriate table of interval of random numbers.

Accepted Answer

The answer of The number of cars arriving at a...

Question 3

The Monte Carlo simulation was developed by

Accepted Answer

A) John von Neumann. 
B) Eric von Brock. 
C) A.K.Erlang. 
D) P.K.Poisson. 
E) J.D.Monte Carlo. 
A) John von Neumann. 
B) Eric von Brock. 
C) A.K.Erlang. 
D) P.K.Poisson. 
E) J.D.Monte Carlo.

Question 4

Customer arrivals adhere to the following probability distribution:   Create an appropriate table of interval of random numbers.

Accepted Answer

The answer of Customer arrivals adhere to the following probability...

Question 5

Table 13-1
The table below represents the probability distribution for machine breakdowns in a day of operation.  
-According to Table 13-1,if a random number of 00 is drawn,what would the simulated number of breakdowns be?

Accepted Answer

A) 0 
B) 1 
C) 2 
D) 3 
E) Not enough information provided 
A) 0 
B) 1 
C) 2 
D) 3 
E) Not enough information provided

Question 6

Consider the interval of random numbers presented below.The following random numbers have been generated: 99,98,26,09,49,52,33,89,21,37.Simulate 10 hours of arrivals at this gas station.What is the average number of arrivals during this period?

Accepted Answer

Arrivals: 9,9,7,6,8,

Question 7

The use of simulations in competitive situations is called

Accepted Answer

A) Monte Carlo simulation. 
B) systems simulation. 
C) operational gaming. 
D) virtual reality. 
E) None of the above 
A) Monte Carlo simulation. 
B) systems simulation. 
C) operational gaming. 
D) virtual reality. 
E) None of the above

Question 8

The Monte Carlo simulation was developed as a quantitative technique by the great mathematician John von Neumann during World War I.

Accepted Answer

A) True 
 B)False

Question 9

Table 13-4
A pawn shop in Arlington,Texas,has a drive-through window to better serve customers.The following tables provide information about the time between arrivals and the service times required at the window on a particularly busy day of the week.All times are in minutes.   The first random number generated for arrivals is used to tell when the first customer arrives after opening.
-According to Table 13-4,the time between successive arrivals is 1,2,3,or 4 minutes.The store opens at 8:00 a.m. ,and random numbers are used to generate arrivals and service times.The first random number to generate an arrival is 39,while the first service time is generated by the random number 94.What time would the first customer finish transacting business?

Accepted Answer

A) 8:03 
B) 8:04 
C) 8:05 
D) 8:06 
E) None of the above 
A) 8:03 
B) 8:04 
C) 8:05 
D) 8:06 
E) None of the above

Question 10

A computer help desk receives new daily customer arrivals according to the following probability distribution:   The number of customers that the help desk has the capability to serve per day is based on the following probability distribution:   If the number of arrivals exceeds the # served capability,the customers will receive top priority the next day.The random numbers drawn for a 5-day simulation are as follows:   What will the average number of delays be for the 5-day simulation?

Accepted Answer

@#IMG-DLM& Average delayed = (

Question 11

Simulation can be effectively used in many

Accepted Answer

A) inventory problems. 
B) plant layout problems. 
C) maintenance policy problems. 
D) sales forecasting problems. 
E) All of the above 
A) inventory problems. 
B) plant layout problems. 
C) maintenance policy problems. 
D) sales forecasting problems. 
E) All of the above

Question 12

A certain grocery store has created the following tables of intervals of random numbers with regard to the number of people who arrive at its three checkout stands ready to check out,and the time it takes to check out the individuals.Simulate the utilization rate of the three checkout stands over four minutes using the following random numbers for arrivals: 07,60,49,and 95.Use the following random numbers for service: 77,76,51,and 16.Describe the results at the end of the four-minute period.

Accepted Answer

@#IMG-DLM& Note: The first customer arrives at min

Question 13

The Monte Carlo simulation is used with variables that are probabilistic.

Accepted Answer

A) True 
 B)False

Question 14

Table 13-1
The table below represents the probability distribution for machine breakdowns in a day of operation.  
-According to Table 13-1,what is the cumulative probability of 2 breakdowns?

Accepted Answer

A) 0.35 
B) 0.50 
C) 0.85 
D) 0.15 
E) 0.20 
A) 0.35 
B) 0.50 
C) 0.85 
D) 0.15 
E) 0.20

Question 15

The logic in a simulation model is presented graphically through which of the following?

Accepted Answer

A) scatterplot 
B) flowchart 
C) blueprint 
D) decision tree 
E) None of the above 
A) scatterplot 
B) flowchart 
C) blueprint 
D) decision tree 
E) None of the above

Question 16

Deterministic inventory models require the use of simulation.

Accepted Answer

A) True 
 B)False

Question 17

Simulation models may contain both deterministic and probabilistic variables.

Accepted Answer

A) True 
 B)False

Question 18

Table 13-4
A pawn shop in Arlington,Texas,has a drive-through window to better serve customers.The following tables provide information about the time between arrivals and the service times required at the window on a particularly busy day of the week.All times are in minutes.   The first random number generated for arrivals is used to tell when the first customer arrives after opening.
-According to Table 13-4,the time between successive arrivals is 1,2,3,or 4 minutes.The store opens at 8:00 a.m. ,and random numbers are used to generate arrivals and service times.The first 3 random numbers to generate arrivals are 09,89,and 26.What time does the third customer arrive?

Accepted Answer

A) 8:07 
B) 8:08 
C) 8:09 
D) 8:10 
E) None of the above 
A) 8:07 
B) 8:08 
C) 8:09 
D) 8:10 
E) None of the above

Question 19

Simulation of maintenance problems can help management analyze various staffing strategies based on machine downtime and labor cost.

Accepted Answer

A) True 
 B)False

Question 20

When using a random number generator,one should never start in the middle of the table of random numbers.

Accepted Answer

A) True 
 B)False

Which of the following is not considered one of the 5 steps of Monte Carlo Simulation?

The number of cars arriving at a self-service gasoline station during the last 50 hours of operation are as follows: Create an appropriate table of interval of random numbers.

The Monte Carlo simulation was developed by

Customer arrivals adhere to the following probability distribution: Create an appropriate table of interval of random numbers.

Table 13-1 The table below represents the probability distribution for machine breakdowns in a day of operation. -According to Table 13-1,if a random number of 00 is drawn,what would the simulated number of breakdowns be?

Consider the interval of random numbers presented below.The following random numbers have been generated: 99,98,26,09,49,52,33,89,21,37.Simulate 10 hours of arrivals at this gas station.What is the average number of arrivals during this period?

The use of simulations in competitive situations is called

The Monte Carlo simulation was developed as a quantitative technique by the great mathematician John von Neumann during World War I.

Simulation can be effectively used in many

The Monte Carlo simulation is used with variables that are probabilistic.

Table 13-1 The table below represents the probability distribution for machine breakdowns in a day of operation. -According to Table 13-1,what is the cumulative probability of 2 breakdowns?

The logic in a simulation model is presented graphically through which of the following?

Deterministic inventory models require the use of simulation.

Simulation models may contain both deterministic and probabilistic variables.

Simulation of maintenance problems can help management analyze various staffing strategies based on machine downtime and labor cost.

When using a random number generator,one should never start in the middle of the table of random numbers.

Introduction to Quantitative Analysis

Probability Concepts and Applications

Decision Analysis

Regression Models

Forecasting

Inventory Control Models

Linear Programming Models: Graphical and Computer Methods

Linear Programming Applications

Transportation,assignment,and Network Models

Integer Programming,goal Programming,and Nonlinear Programming

Project Management

Waiting Lines and Queuing Theory Models

Markov Analysis

Statistical Quality Control

Analytic Hierarchy Process

Dynamic Programming

Decision Theory and the Normal Distribution

Game Theory

Mathematical Tools: Determinants and Matrices

Calculus-Based Optimization

Linear Programming: The Simplex Method

Transportation, Assignment, and Network Algorithms

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Exam 13: Simulation Modeling

Which of the following is not considered one of the 5 steps of Monte Carlo Simulation?

The number of cars arriving at a self-service gasoline station during the last 50 hours of operation are as follows: Create an appropriate table of interval of random numbers.

The Monte Carlo simulation was developed by

Customer arrivals adhere to the following probability distribution: Create an appropriate table of interval of random numbers.

Table 13-1 The table below represents the probability distribution for machine breakdowns in a day of operation. -According to Table 13-1,if a random number of 00 is drawn,what would the simulated number of breakdowns be?

Consider the interval of random numbers presented below.The following random numbers have been generated: 99,98,26,09,49,52,33,89,21,37.Simulate 10 hours of arrivals at this gas station.What is the average number of arrivals during this period?

The use of simulations in competitive situations is called

The Monte Carlo simulation was developed as a quantitative technique by the great mathematician John von Neumann during World War I.

Simulation can be effectively used in many

The Monte Carlo simulation is used with variables that are probabilistic.

Table 13-1 The table below represents the probability distribution for machine breakdowns in a day of operation. -According to Table 13-1,what is the cumulative probability of 2 breakdowns?

The logic in a simulation model is presented graphically through which of the following?

Deterministic inventory models require the use of simulation.

Simulation models may contain both deterministic and probabilistic variables.

Simulation of maintenance problems can help management analyze various staffing strategies based on machine downtime and labor cost.

When using a random number generator,one should never start in the middle of the table of random numbers.

Introduction to Quantitative Analysis

Probability Concepts and Applications

Decision Analysis

Regression Models

Forecasting

Inventory Control Models

Linear Programming Models: Graphical and Computer Methods

Linear Programming Applications

Transportation,assignment,and Network Models

Integer Programming,goal Programming,and Nonlinear Programming

Project Management

Waiting Lines and Queuing Theory Models

Markov Analysis

Statistical Quality Control

Analytic Hierarchy Process

Dynamic Programming

Decision Theory and the Normal Distribution

Game Theory

Mathematical Tools: Determinants and Matrices

Calculus-Based Optimization

Linear Programming: The Simplex Method

Transportation, Assignment, and Network Algorithms

Filters