Question 1

Describe a general procedure for generating normally distributed random numbers with a mean of 450 and standard deviation of 50 using Excel functions.

Accepted Answer

Use the RAND() function to generate rand

Question 2

In Excel, typing the function ________ will generate random numbers within the interval 0 to 1.

Accepted Answer

The answer of In Excel, typing the function ________ will...

Question 3

________ is a feature of simulation models that allows them to obtain operating-characteristic estimates in much less time than is required to gather the same operating data from a real system.

Accepted Answer

The answer of ________ is a feature of simulation models...

Question 4

Which one of the following statements regarding simulation analysis is False?

Accepted Answer

A)  Simulation analysis is a form of hypothesis testing. 
B)  In simulation, dependent variables reflect the values of both the decision variables and the uncontrollable variables. 
C)  Statistical methods require the replication of simulation runs. 
D)  Each time a simulation model is run for a given set of decision variables, the same random numbers must be used. 
A)  Simulation analysis is a form of hypothesis testing. 
B)  In simulation, dependent variables reflect the values of both the decision variables and the uncontrollable variables. 
C)  Statistical methods require the replication of simulation runs. 
D)  Each time a simulation model is run for a given set of decision variables, the same random numbers must be used.

Question 5

A variable that is controlled by the decision-maker and will change from one run to the next as different events are simulated is a(n) ________.

Accepted Answer

The answer of A variable that is controlled by the...

Question 6

Scenario E.1
SimQuick is being used to simulate the following bank process:
   
Customer arrivals at the Entrance Door of the bank with an average time between arrivals of 2.5 minutes. The Line Buffer holds 6 customers. If a customer arrives and the buffer line is filled, the customer leaves. The Work Station Teller's processing time per customer is normally distributed, with a mean of 3.0 minutes and a standard deviation of 0.5 minutes. The Served Customer Buffer in the flow chart is used to count the number of customers processed during the period simulated. A 2-hour period was simulated.
The SimQuick simulation is run, and the results are as follows:
  
-Use the information in Scenario E.1. Approximately what percentage of total customers who arrived during the 2-hour period found the buffer full and were not able to enter?

Accepted Answer

A)  87% 
B)  13% 
C)  94% 
D)  6% 
A)  87% 
B)  13% 
C)  94% 
D)  6%

Question 7

A patient's interminable wait for the first available physician is modeled in SimQuick using a(n):

Accepted Answer

A)  entrance block. 
B)  buffer block. 
C)  workstation block. 
D)  decision point. 
A)  entrance block. 
B)  buffer block. 
C)  workstation block. 
D)  decision point.

Question 8

________ uses random numbers to generate simulation events.

Accepted Answer

The answer of ________ uses random numbers to generate simulation...

Question 9

Big Bills McGee does not carry any paper money in his wallet that has a denomination less than $10, preferring to have a ready supply of $10, $20, $50, and $100 denominations at all times. He is concerned about pickpockets and has an amusing anecdote about thwarting a pickpocket on the Athens subway he likes to tell. His business associate conducts a Monte Carlo simulation for Big Bills using POM for Windows software and prints out the results copied below. Using this output, provide your interpretation for Big Bills pickpocket scenario.

Accepted Answer

The four denominations of bills are show

Question 10

This table shows the distribution of grades in an operations management class.  
Add a column to the table that shows the cumulative probability and indicate what letter grade is obtained when the RAND() function is equal to 0.5548.

Accepted Answer

A)  A 
B)  B 
C)  C 
D)  D 
A)  A 
B)  B 
C)  C 
D)  D

Question 11

The arrival of customers at a lemonade stand is modeled in SimQuick using a(n):

Accepted Answer

A)  entrance block. 
B)  buffer block. 
C)  workstation block. 
D)  decision point. 
A)  entrance block. 
B)  buffer block. 
C)  workstation block. 
D)  decision point.

Question 12

The manager of a branch bank wants to build a simulation model of the lobby operation to reduce the waiting time of her customers. The number of customers arriving at any point of time is an example of a(n):

Accepted Answer

A)  decision variable. 
B)  uncontrollable variable. 
C)  time-compressed variable. 
D)  dependent variable. 
A)  decision variable. 
B)  uncontrollable variable. 
C)  time-compressed variable. 
D)  dependent variable.

Question 13

A manager has been given the table shown below and is asked to generate random numbers. Which of the following statements is True?

Accepted Answer

A)  There are no customers in the store 49 percent of the time. 
B)  The probability of having one customer in the store is 0.30. 
C)  The relative frequency of having two customers in the store is 0.80. 
D)  If we randomly choose the numbers 0 through 99 enough times, about 99 percent of the time we will have two customers in the store. 
A)  There are no customers in the store 49 percent of the time. 
B)  The probability of having one customer in the store is 0.30. 
C)  The relative frequency of having two customers in the store is 0.80. 
D)  If we randomly choose the numbers 0 through 99 enough times, about 99 percent of the time we will have two customers in the store.

Question 14

If the difference in results between different simulation runs results in a mathematical difference in system performance, the difference is said to be ________.

Accepted Answer

statistica

Describe a general procedure for generating normally distributed random numbers with a mean of 450 and standard deviation of 50 using Excel functions.

In Excel, typing the function ________ will generate random numbers within the interval 0 to 1.

________ is a feature of simulation models that allows them to obtain operating-characteristic estimates in much less time than is required to gather the same operating data from a real system.

Which one of the following statements regarding simulation analysis is False?

A variable that is controlled by the decision-maker and will change from one run to the next as different events are simulated is a(n) ________.

A patient's interminable wait for the first available physician is modeled in SimQuick using a(n):

________ uses random numbers to generate simulation events.

This table shows the distribution of grades in an operations management class. Add a column to the table that shows the cumulative probability and indicate what letter grade is obtained when the RAND() function is equal to 0.5548.

The arrival of customers at a lemonade stand is modeled in SimQuick using a(n):

The manager of a branch bank wants to build a simulation model of the lobby operation to reduce the waiting time of her customers. The number of customers arriving at any point of time is an example of a(n):

A manager has been given the table shown below and is asked to generate random numbers. Which of the following statements is True?

If the difference in results between different simulation runs results in a mathematical difference in system performance, the difference is said to be ________.

Using Operations to Create Value

Process Strategy and Analysis

Quality and Performance

Capacity Planning

Constraint Management

Lean Systems

Project Management

Forecasting

Inventory Management

Operations Planning and Scheduling

Resource Planning

Supply Chain Design

Supply Chain Logistic Networks

Supply Chain Integration

Supply Chain Sustainability

Supplement A Decision Making

Supplement J Operations Scheduling

Supplement K Layout

Supplement B Waiting Lines

Supplement C Special Inventory Models

Supplement D Linear Programming

Supplement F Financial Analysis

Supplement G Acceptance Sampling Plans

Supplement H Measuring Output Rates

Supplement I Learning Curve Analysis

Filters

Exam 22: Supplement E Simulation

Describe a general procedure for generating normally distributed random numbers with a mean of 450 and standard deviation of 50 using Excel functions.

In Excel, typing the function ________ will generate random numbers within the interval 0 to 1.

________ is a feature of simulation models that allows them to obtain operating-characteristic estimates in much less time than is required to gather the same operating data from a real system.

Which one of the following statements regarding simulation analysis is False?

A variable that is controlled by the decision-maker and will change from one run to the next as different events are simulated is a(n) ________.

A patient's interminable wait for the first available physician is modeled in SimQuick using a(n):

________ uses random numbers to generate simulation events.

This table shows the distribution of grades in an operations management class. Add a column to the table that shows the cumulative probability and indicate what letter grade is obtained when the RAND() function is equal to 0.5548.

The arrival of customers at a lemonade stand is modeled in SimQuick using a(n):

The manager of a branch bank wants to build a simulation model of the lobby operation to reduce the waiting time of her customers. The number of customers arriving at any point of time is an example of a(n):

A manager has been given the table shown below and is asked to generate random numbers. Which of the following statements is True?

If the difference in results between different simulation runs results in a mathematical difference in system performance, the difference is said to be ________.

Using Operations to Create Value

Process Strategy and Analysis

Quality and Performance

Capacity Planning

Constraint Management

Lean Systems

Project Management

Forecasting

Inventory Management

Operations Planning and Scheduling

Resource Planning

Supply Chain Design

Supply Chain Logistic Networks

Supply Chain Integration

Supply Chain Sustainability

Supplement A Decision Making

Supplement J Operations Scheduling

Supplement K Layout

Supplement B Waiting Lines

Supplement C Special Inventory Models

Supplement D Linear Programming

Supplement F Financial Analysis

Supplement G Acceptance Sampling Plans

Supplement H Measuring Output Rates

Supplement I Learning Curve Analysis

Filters