Question 1

The parameters of a simulation model are the controllable inputs.

Accepted Answer

A) True 
 B)False

Question 2

Common features of simulations--generating values from probability distributions, maintaining records, recording data and summarizing results--led to the development of

Accepted Answer

A)  Excel and Lotus. 
B)  BASIC, FORTRAN, PASCAL, and C. 
C)  GPSS, SIMSCRIPT, SLAM, and Arena 
D)  LINDO and The Management Scientist 
A)  Excel and Lotus. 
B)  BASIC, FORTRAN, PASCAL, and C. 
C)  GPSS, SIMSCRIPT, SLAM, and Arena 
D)  LINDO and The Management Scientist

Question 3

As the owner of a rent-a-car agency you have determined the following statistics:   The gross profit is $40 per car per day rented. When there is demand for a car when none is available there is a goodwill loss of $80 and the rental is lost. Each day a car is unused costs you $5 per car. Your firm initially has 4 cars.

Accepted Answer

a.10-day profit is $

Question 4

Values for the probabilistic inputs to a simulation

Accepted Answer

A)  are selected by the decision maker. 
B)  are controlled by the decision maker. 
C)  are randomly generated based on historical information. 
D)  are calculated by fixed mathematical formulas. 
A)  are selected by the decision maker. 
B)  are controlled by the decision maker. 
C)  are randomly generated based on historical information. 
D)  are calculated by fixed mathematical formulas.

Question 5

One disadvantage of simulation is that it is limited in the variety of probability distributions that can be used in modeling a system.

Accepted Answer

A) True 
 B)False

Question 6

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 7

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

Accepted Answer

A) True 
 B)False

Question 8

​Explain the difference between verification and validation as they relate to a simulation model.

Accepted Answer

Verification and validation are two impo

Question 9

The time required to set up lighting for a portrait studio is uniformly distributed between 12 and 20 minutes. Use the following random numbers to generate the setup time for 10 customers.

Accepted Answer

The answer of The time required to set up lighting...

Question 10

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 11

Trials of a simulation show what would happen when values of the probabilistic input change.

Accepted Answer

A) True 
 B)False

Question 12

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 13

The process of determining that the computer procedure that performs the simulation calculations is logically correct is called

Accepted Answer

A)  implementation. 
B)  validation. 
C)  verification. 
D)  repetition. 
A)  implementation. 
B)  validation. 
C)  verification. 
D)  repetition.

Question 14

​Simulation is to be used to study customer waiting patterns at several branches of an organization. Acknowledging
that arrivals and service times follow different distributions over the branches, of what use is the development of a
general simulation model?

Accepted Answer

The development of a general simulation

Question 15

Simulation

Accepted Answer

A)  does not guarantee optimality. 
B)  is flexible and does not require the assumptions of theoretical models. 
C)  allows testing of the system without affecting the real system. 
D)  All of the alternatives are correct. 
A)  does not guarantee optimality. 
B)  is flexible and does not require the assumptions of theoretical models. 
C)  allows testing of the system without affecting the real system. 
D)  All of the alternatives are correct.

Question 16

Greenfields is a mail order seed and plant business. The size of orders is uniformly distributed over the interval from $25 to $80. Use the following random numbers to generate the size of 10 orders.

Accepted Answer

The answer of Greenfields is a mail order seed and...

Question 17

Numerical values that appear in the mathematical relationships of a model and are considered known and remain constant over all trials of a simulation are

Accepted Answer

A)  parameters. 
B)  probabilistic input. 
C)  controllable input. 
D)  events. 
A)  parameters. 
B)  probabilistic input. 
C)  controllable input. 
D)  events.

Question 18

​Simulation allows the user to specify certain desired results (for example, profit or service level values), and then the necessary model parameters and operating policies are determined.

Accepted Answer

A) True 
 B)False

Question 19

Using simulation to perform risk analysis is like playing out many what-if scenarios by randomly generating values for the probabilistic inputs.

Accepted Answer

A) True 
 B)False

Question 20

A table of uniformly distributed random numbers should be read

Accepted Answer

A)  from left to right. 
B)  from top to bottom. 
C)  diagonally, starting from the top left corner and moving to the bottom right. 
D)  in any consistent sequence. 
A)  from left to right. 
B)  from top to bottom. 
C)  diagonally, starting from the top left corner and moving to the bottom right. 
D)  in any consistent sequence.

The parameters of a simulation model are the controllable inputs.

Common features of simulations--generating values from probability distributions, maintaining records, recording data and summarizing results--led to the development of

Values for the probabilistic inputs to a simulation

One disadvantage of simulation is that it is limited in the variety of probability distributions that can be used in modeling a system.

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

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

Explain the difference between verification and validation as they relate to a simulation model.

The time required to set up lighting for a portrait studio is uniformly distributed between 12 and 20 minutes. Use the following random numbers to generate the setup time for 10 customers.

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

Trials of a simulation show what would happen when values of the probabilistic input change.

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

The process of determining that the computer procedure that performs the simulation calculations is logically correct is called

Simulation is to be used to study customer waiting patterns at several branches of an organization. Acknowledging that arrivals and service times follow different distributions over the branches, of what use is the development of a general simulation model?

Simulation

Greenfields is a mail order seed and plant business. The size of orders is uniformly distributed over the interval from $25 to $80. Use the following random numbers to generate the size of 10 orders.

Numerical values that appear in the mathematical relationships of a model and are considered known and remain constant over all trials of a simulation are

Simulation allows the user to specify certain desired results (for example, profit or service level values), and then the necessary model parameters and operating policies are determined.

Using simulation to perform risk analysis is like playing out many what-if scenarios by randomly generating values for the probabilistic inputs.

A table of uniformly distributed random numbers should be read

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 Models

Integer Linear Programming

Nonlinear Optimization Models

Project Scheduling: Pertcpm

Inventory Models

Waiting Line Models

Decision Analysis

Multicriteria Decisions

Time Series Analysis and 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

The parameters of a simulation model are the controllable inputs.

Common features of simulations--generating values from probability distributions, maintaining records, recording data and summarizing results--led to the development of

Values for the probabilistic inputs to a simulation

One disadvantage of simulation is that it is limited in the variety of probability distributions that can be used in modeling a system.

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

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

​Explain the difference between verification and validation as they relate to a simulation model.

The time required to set up lighting for a portrait studio is uniformly distributed between 12 and 20 minutes. Use the following random numbers to generate the setup time for 10 customers.

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

Trials of a simulation show what would happen when values of the probabilistic input change.

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

The process of determining that the computer procedure that performs the simulation calculations is logically correct is called

​Simulation is to be used to study customer waiting patterns at several branches of an organization. Acknowledging that arrivals and service times follow different distributions over the branches, of what use is the development of a general simulation model?

Simulation

Greenfields is a mail order seed and plant business. The size of orders is uniformly distributed over the interval from $25 to $80. Use the following random numbers to generate the size of 10 orders.

Numerical values that appear in the mathematical relationships of a model and are considered known and remain constant over all trials of a simulation are

​Simulation allows the user to specify certain desired results (for example, profit or service level values), and then the necessary model parameters and operating policies are determined.

Using simulation to perform risk analysis is like playing out many what-if scenarios by randomly generating values for the probabilistic inputs.

A table of uniformly distributed random numbers should be read

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 Models

Integer Linear Programming

Nonlinear Optimization Models

Project Scheduling: Pertcpm

Inventory Models

Waiting Line Models

Decision Analysis

Multicriteria Decisions

Time Series Analysis and 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

Explain the difference between verification and validation as they relate to a simulation model.

Simulation is to be used to study customer waiting patterns at several branches of an organization. Acknowledging that arrivals and service times follow different distributions over the branches, of what use is the development of a general simulation model?

Simulation allows the user to specify certain desired results (for example, profit or service level values), and then the necessary model parameters and operating policies are determined.