Question 1

In a Monte Carlo simulation, each simulation trial is dependent upon the result of a previous trial.

Accepted Answer

A) True 
 B)False  False

Question 2

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 3

Simulation is an optimization technique.

Accepted Answer

A) True 
 B)False  False

Question 4

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 5

Arrivals to a truck repair facility have an interarrival time that is uniformly distributed between 20 and 50 minutes. Service times are normally distributed with mean 30 minutes and standard deviation 10 minutes. Develop a spreadsheet model to simulate the arrival of 100 trucks. Collect information on the time the repair facility is idle and on the average waiting time for trucks.

Accepted Answer

NOTE TO INSTRUCTOR: The proble

Question 6

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 7

Validation determines that the computer procedure is operating as it is intended to operate.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A)  Simulation is relatively easy to explain and understand. 
B)  Simulation guarantees an optimal solution. 
C)  Simulation models are flexible. 
D)  A simulation model provides a convenient experimental laboratory for the real system. 
A)  Simulation is relatively easy to explain and understand. 
B)  Simulation guarantees an optimal solution. 
C)  Simulation models are flexible. 
D)  A simulation model provides a convenient experimental laboratory for the real system.

Question 9

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.

Question 10

Simulation models that must take into account how the system changes or evolves over time are referred to as dynamic simulation models.

Accepted Answer

A) True 
 B)False

Question 11

Using the spreadsheet below, give the cell address which would have the formula shown.

Accepted Answer

The answer of Using the spreadsheet below, give the cell...

Question 12

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 13

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

Accepted Answer

A) True 
 B)False

Question 14

Each simulation run provides only a sample of how the real system will operate.

Accepted Answer

A) True 
 B)False

Question 15

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 16

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

Accepted Answer

A) True 
 B)False

Question 17

The word "uniform" in the term "uniform random numbers" means

Accepted Answer

A)  all the numbers have the same number of digits. 
B)  if one number is, say, 10 units above the mean, the next number will be 10 units below the mean. 
C)  all the numbers are odd or all are even. 
D)  each number has an equal probability of being drawn. 
A)  all the numbers have the same number of digits. 
B)  if one number is, say, 10 units above the mean, the next number will be 10 units below the mean. 
C)  all the numbers are odd or all are even. 
D)  each number has an equal probability of being drawn.

Question 18

The process of generating probabilistic inputs and computing the value of the output is called

Accepted Answer

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

Question 19

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 20

Verification is the process of ensuring that the simulation model provides an accurate representation of the real system.

Accepted Answer

A) True 
 B)False

In a Monte Carlo simulation, each simulation trial is dependent upon the result of a previous trial.

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.

Simulation is an optimization technique.

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

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

Validation determines that the computer procedure is operating as it is intended to operate.

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

A table of uniformly distributed random numbers should be read

Simulation models that must take into account how the system changes or evolves over time are referred to as dynamic simulation models.

Using the spreadsheet below, give the cell address which would have the formula shown.

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

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

Each simulation run provides only a sample of how the real system will operate.

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.

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

The word "uniform" in the term "uniform random numbers" means

The process of generating probabilistic inputs and computing the value of the output is called

Values for the probabilistic inputs to a simulation

Verification is the process of ensuring that the simulation model provides an accurate representation of the real system.

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

Forecasting

Markov Processes

Filters

Exam 12: Simulation

In a Monte Carlo simulation, each simulation trial is dependent upon the result of a previous trial.

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.

Simulation is an optimization technique.

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

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

Validation determines that the computer procedure is operating as it is intended to operate.

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

A table of uniformly distributed random numbers should be read

Simulation models that must take into account how the system changes or evolves over time are referred to as dynamic simulation models.

Using the spreadsheet below, give the cell address which would have the formula shown.

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

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

Each simulation run provides only a sample of how the real system will operate.

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.

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

The word "uniform" in the term "uniform random numbers" means

The process of generating probabilistic inputs and computing the value of the output is called

Values for the probabilistic inputs to a simulation

Verification is the process of ensuring that the simulation model provides an accurate representation of the real system.

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

Forecasting

Markov Processes

Filters