Exam 3: Simulation Modeling and Analysis

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If we are going to simulate an inventory problem, we must

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Which of the following are disadvantages of simulation?

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A

The ________ determine(s) the equilibrium of a Markov process.

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To simulate is to try to __________ the features, appearance, and characteristics of a real system.

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Cumulative probabilities are found by

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The first step in simulation is to

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Simulation should be thought of as a technique for

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The three types of mathematical simulation models are

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Most of the constraints in the linear programming problem are expressed as ……….

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