Question 1

Where the events to be simulated have a continuous probability distribution, F(x) is employed.F(x) is:

Accepted Answer

A) P(X ≤ x). 
B) P(X = x). 
C) P(X ≥ x). 
D) decumulative. 
A) P(X ≤ x). 
B) P(X = x). 
C) P(X ≥ x). 
D) decumulative. A

Question 2

Other than special purpose simulation languages (GPSS, SIMSCRIPT, etc.), the only general purpose programming language with
simulation capabilities is Excel.

Accepted Answer

A) True 
 B)False  False

Question 3

Why are computer-generated random numbers called pseudo-random
numbers?

Accepted Answer

(First, they are generated by mathematical formula, indicating that
two analysts using the same formula can generate the same series of
numbers.Second, the numbers occur in "runs" of a specified size:
once a run is complete, the sequence replicates itself.For these
reasons, the digits obtained from the computer are not truly
random.)

Question 4

What does the Excel function FINV() do?

Accepted Answer

(FINV() ge

Question 5

Categories of simulation systems do not include those which are:

Accepted Answer

A) discrete. 
B) continuous. 
C) mixed discrete-continuous. 
D) congruential. 
A) discrete. 
B) continuous. 
C) mixed discrete-continuous. 
D) congruential.

Question 6

The explicit inverse distribution method and the interpolation method are used for what purpose?

Accepted Answer

(Simulatin

Question 7

In random number mapping, the number assigned to correspond to the outcome of an event must be chosen randomly.

Accepted Answer

A) True 
 B)False

Question 8

Performing additional simulation runs to estimate a value can reduce the confidence interval for that value.

Accepted Answer

A) True 
 B)False

Question 9

Continuous simulation systems generally require the use of
differential equations to model alterations in system parameters.

Accepted Answer

A) True 
 B)False

Question 10

Crystal Ball Distribution Gallery includes both continuous and discrete distributions.

Accepted Answer

A) True 
 B)False

Question 11

In mapping random numbers to the outcomes of a simulated event, the random numbers must be selected:

Accepted Answer

A) sequentially. 
B) systematically. 
C) randomly. 
D) by any unbiased process. 
A) sequentially. 
B) systematically. 
C) randomly. 
D) by any unbiased process.

Question 12

Which Crystal Ball menu item do you use to assign a probability distribution to a cell?

Accepted Answer

A) Define Assumption. 
B) Define Decision. 
C) Define Forecast. 
D) Cell Preference. 
A) Define Assumption. 
B) Define Decision. 
C) Define Forecast. 
D) Cell Preference.

Question 13

Which of the following statements is true?

Accepted Answer

A) Zero should not be used as a seed value. 
B) Using the same seed value for simulation of different options does not reduce the amount of work necessary to achieve the desired statistical precision. 
C) Using the same seed value will produce the same set of random numbers in exactly the same order. 
D) The RAND() function accepts a seed value as an input parameter. 
A) Zero should not be used as a seed value. 
B) Using the same seed value for simulation of different options does not reduce the amount of work necessary to achieve the desired statistical precision. 
C) Using the same seed value will produce the same set of random numbers in exactly the same order. 
D) The RAND() function accepts a seed value as an input parameter.

Question 14

Simulation studies may be used to prove, or disprove, hypotheses regarding the system under investigation.

Accepted Answer

A) True 
 B)False

Question 15

What is the Excel function to generate a normally distributed random variable with mean 10 and variance 4?

Accepted Answer

(=NORMINV(

Question 16

Simulate the elevator operation at the Bank of Liberty building.Between 7:00 AM and 7:00 PM, 1440 people arrive daily at the first floor of the 20 story structure.Assume a uniform distribution of both arrivals and destinations (which floor).Assume each person stays exactly one hour.Everyone leaves the building by 8:00 PM.The elevators hold 20 people, travel at 6 floors/minute, and require 30 seconds for each stop.How many elevators does the building require if no one is to wait more than 5 minutes?

Accepted Answer

(Use a fixed time approach.Every minute,

Question 17

Simulation models of queues are useful when the simplifying assumptions of the queuing model are invalid.

Accepted Answer

A) True 
 B)False

Question 18

What is wrong with this simulation flow chart?

Accepted Answer

(The chart has no in

Question 19

If we are simulating a queuing system, is it permissible to use the same random number to describe both an interarrival time and a customer's service time?

Accepted Answer

(Definitely not.Doing so would mean, for

Question 20

An inventory system may be simulated using:

Accepted Answer

A) a variable-time approach only. 
B) a fixed-time approach only. 
C) a next-event approach only. 
D) a fixed-time or next-event approach. 
A) a variable-time approach only. 
B) a fixed-time approach only. 
C) a next-event approach only. 
D) a fixed-time or next-event approach.

Where the events to be simulated have a continuous probability distribution, F(x) is employed.F(x) is:

Other than special purpose simulation languages (GPSS, SIMSCRIPT, etc.), the only general purpose programming language with simulation capabilities is Excel.

Why are computer-generated random numbers called pseudo-random numbers?

What does the Excel function FINV() do?

Categories of simulation systems do not include those which are:

The explicit inverse distribution method and the interpolation method are used for what purpose?

In random number mapping, the number assigned to correspond to the outcome of an event must be chosen randomly.

Performing additional simulation runs to estimate a value can reduce the confidence interval for that value.

Continuous simulation systems generally require the use of differential equations to model alterations in system parameters.

Crystal Ball Distribution Gallery includes both continuous and discrete distributions.

In mapping random numbers to the outcomes of a simulated event, the random numbers must be selected:

Which Crystal Ball menu item do you use to assign a probability distribution to a cell?

Which of the following statements is true?

Simulation studies may be used to prove, or disprove, hypotheses regarding the system under investigation.

What is the Excel function to generate a normally distributed random variable with mean 10 and variance 4?

Simulation models of queues are useful when the simplifying assumptions of the queuing model are invalid.

What is wrong with this simulation flow chart?

If we are simulating a queuing system, is it permissible to use the same random number to describe both an interarrival time and a customer's service time?

An inventory system may be simulated using:

Introduction to Management Science Models

Introduction to Management Science Models

Applications of Linear and Integer Programming Models

Network Models

Project Scheduling Models

Decision Models

Forecasting

Inventory Models

Queuing Models

Quality Management Models

Markov Process Models

Nonlinear Models:dynamic, Goal, and Nonlinear Programming

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Exam 10: Simulation Models

Where the events to be simulated have a continuous probability distribution, F(x) is employed.F(x) is:

Other than special purpose simulation languages (GPSS, SIMSCRIPT, etc.), the only general purpose programming language with simulation capabilities is Excel.

Why are computer-generated random numbers called pseudo-random numbers?

What does the Excel function FINV() do?

Categories of simulation systems do not include those which are:

The explicit inverse distribution method and the interpolation method are used for what purpose?

In random number mapping, the number assigned to correspond to the outcome of an event must be chosen randomly.

Performing additional simulation runs to estimate a value can reduce the confidence interval for that value.

Continuous simulation systems generally require the use of differential equations to model alterations in system parameters.

Crystal Ball Distribution Gallery includes both continuous and discrete distributions.

In mapping random numbers to the outcomes of a simulated event, the random numbers must be selected:

Which Crystal Ball menu item do you use to assign a probability distribution to a cell?

Which of the following statements is true?

Simulation studies may be used to prove, or disprove, hypotheses regarding the system under investigation.

What is the Excel function to generate a normally distributed random variable with mean 10 and variance 4?

Simulation models of queues are useful when the simplifying assumptions of the queuing model are invalid.

What is wrong with this simulation flow chart?

If we are simulating a queuing system, is it permissible to use the same random number to describe both an interarrival time and a customer's service time?

An inventory system may be simulated using:

Introduction to Management Science Models

Introduction to Management Science Models

Applications of Linear and Integer Programming Models

Network Models

Project Scheduling Models

Decision Models

Forecasting

Inventory Models

Queuing Models

Quality Management Models

Markov Process Models

Nonlinear Models:dynamic, Goal, and Nonlinear Programming

Filters