Question 1

For any waiting line system, (Average number of units in waiting line) = (Total waiting time) divided by (Total time of simulation).

Accepted Answer

A) True 
 B)False

Question 2

An airline reservation system first asks customers whether they want to schedule a domestic or an international flight. Sixty-five percent of the reservations are for domestic flights. The time distribution of advance sales is also important, and it is given below. \[\begin{array}{l}
\begin{array} { | l | c | l | } 
\hline{ \text { Domestic Flights } } \
\hline \text { Make Reservations } & \text { Rel. Freq. } & \text { RN Range } \
\hline \begin{array} { l } 
\text { Less than } 1 \text { week } \
\text { in advance }
\end{array} & .25 & \
\hline \begin{array} { l } 
1 \text { week to } 2 \text { months } \
\text { in advance }
\end{array} & .35 & \
\hline \begin{array} { l } 
\text { Over } 2 \text { months } \
\text { in advance }
\end{array} & .40 & \
\hline
\end{array}\\
\begin{array} { | l | c | c | } 
\hline  { \text { International Flights } } \
\hline \text { Make Reservations } & \text { Rel. Freq. } & \text { RNRange } \
\hline \begin{array} { l } 
\text { Less than } 1 \text { week } \
\text { in advance }
\end{array} & .12 & \
\hline \begin{array} { l } 
\text { 1 week to } 2 \text { months } \
\text { in advance }
\end{array} & .35 & \
\hline \begin{array} { l } 
2 \text { months to } 6 \text { months } \
\text { in advance }
\end{array} & .40 & \
\hline \begin{array} { l } 
\text { Over } 6 \text { months } \
\text { In advance }
\end{array} & .13 & \
\hline
\end{array}
\end{array}\] $$\begin{array} { | l | c | l | } 
\hline  { \text { Flight Type } } & \text { Rel. Freq. } & \text { RN Range } \
\hline \text { Domestic } & .65 & \
\hline \text { Interrational } & .35 & \
\hline
\end{array}$$ 
a.Place the appropriate random number ranges in the tables above.
b.Set up and perform a simulation for three customers.Determine whether they want a domestic or international flight, and how far in advance the reservation is being made.Use random numbers from this list: .632 .715 .998 .671 .744 .021

Accepted Answer

The answer of An airline reservation system first asks customers...

Question 3

Why would one want to use a general purpose programming language rather than a spreadsheet to develop a simulation?

Accepted Answer

There are several reasons why one might

Question 4

The degree of risk is associated with the probability or magnitude of loss.

Accepted Answer

A) True 
 B)False

Question 5

To use Excel to generate a normally distributed random variable, you must know the mean and standard deviation of the distribution and have a random number between 0 and 1.

Accepted Answer

A) True 
 B)False

Question 6

A static simulation model is used in situations where the state of the system affects how the system changes or evolves over time.

Accepted Answer

A) True 
 B)False

Question 7

Why is a flowchart useful in simulation?

Accepted Answer

A flowchart is useful in simulation for

Question 8

Which of the following statements is INCORRECT regarding the disadvantages of simulation?

Accepted Answer

A) Each simulation run only provides a sample of how the real system will operate. 
B) The summary of the simulation data only provides estimates about the real system. 
C) The process of developing a simulation model of a complex system can be time-consuming. 
D) The larger the number of probabilistic inputs a system has, the less likely a simulation will provide the best approach for studying the system. 
A) Each simulation run only provides a sample of how the real system will operate. 
B) The summary of the simulation data only provides estimates about the real system. 
C) The process of developing a simulation model of a complex system can be time-consuming. 
D) The larger the number of probabilistic inputs a system has, the less likely a simulation will provide the best approach for studying the system.

Question 9

Simulation is an excellent technique to use when a situation is too complicated to use standard analytical procedures.

Accepted Answer

A) True 
 B)False

For any waiting line system, (Average number of units in waiting line) = (Total waiting time) divided by (Total time of simulation).

Why would one want to use a general purpose programming language rather than a spreadsheet to develop a simulation?

The degree of risk is associated with the probability or magnitude of loss.

To use Excel to generate a normally distributed random variable, you must know the mean and standard deviation of the distribution and have a random number between 0 and 1.

A static simulation model is used in situations where the state of the system affects how the system changes or evolves over time.

Why is a flowchart useful in simulation?

Which of the following statements is INCORRECT regarding the disadvantages of simulation?

Simulation is an excellent technique to use when a situation is too complicated to use standard analytical procedures.

Introduction

An Introduction to Linear Programming

Linear Programming: Sensitivity Analysis and Interpretation of Solution

Linear Programming Applications in Marketing, Finance and Operations Management

Advanced Linear Programming Applications

Distribution and Network Problems

Integer Linear Programming

Nonlinear Optimization Models

Project Scheduling: Pertcpm

Inventory Models

Waiting Line Models

Decision Analysis

Multicriteria Decisions

Forecasting

Markov Processes

Linear Programming: Simplex Method

Simplex-Based Sensitivity Analysis and Duality

Solution Procedures for Transportation and Assignment Problems

Minimal Spanning Tree

Dynamic Programming

Filters

Exam 12: Simulation

For any waiting line system, (Average number of units in waiting line) = (Total waiting time) divided by (Total time of simulation).

Why would one want to use a general purpose programming language rather than a spreadsheet to develop a simulation?

The degree of risk is associated with the probability or magnitude of loss.

To use Excel to generate a normally distributed random variable, you must know the mean and standard deviation of the distribution and have a random number between 0 and 1.

A static simulation model is used in situations where the state of the system affects how the system changes or evolves over time.

Why is a flowchart useful in simulation?

Which of the following statements is INCORRECT regarding the disadvantages of simulation?

Simulation is an excellent technique to use when a situation is too complicated to use standard analytical procedures.

Introduction

An Introduction to Linear Programming

Linear Programming: Sensitivity Analysis and Interpretation of Solution

Linear Programming Applications in Marketing, Finance and Operations Management

Advanced Linear Programming Applications

Distribution and Network Problems

Integer Linear Programming

Nonlinear Optimization Models

Project Scheduling: Pertcpm

Inventory Models

Waiting Line Models

Decision Analysis

Multicriteria Decisions

Forecasting

Markov Processes

Linear Programming: Simplex Method

Simplex-Based Sensitivity Analysis and Duality

Solution Procedures for Transportation and Assignment Problems

Minimal Spanning Tree

Dynamic Programming

Filters