Question 1

The decision maker must ensure that input variables are:

Accepted Answer

A)  Independent. 
B)  Dependent. 
C)  Heterogenic. 
D)  All of the above 
A)  Independent. 
B)  Dependent. 
C)  Heterogenic. 
D)  All of the above

Question 2

The purpose of the simulation study establishes the objective function of the model, which is also known as the independent variable in the model.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is true about a stochastic simulation model?

Accepted Answer

A)  The model contains at least one random variable. 
B)  The model must contain only random input variables. 
C)  The model is used for decision-making under certainty. 
D)  All of the above 
A)  The model contains at least one random variable. 
B)  The model must contain only random input variables. 
C)  The model is used for decision-making under certainty. 
D)  All of the above

Question 4

The goal of simulation model is to provide insight and practical recommendations. Specifically, the analysis of the results can help to:

Accepted Answer

A)  Identify the best scenario among several hypothetical scenarios. 
B)  Identify what will happen under various scenarios. 
C)  Determine the real-world outcome of the simulated system. 
D)  All of the above 
A)  Identify the best scenario among several hypothetical scenarios. 
B)  Identify what will happen under various scenarios. 
C)  Determine the real-world outcome of the simulated system. 
D)  All of the above

Question 5

Simulation modeling focuses more on causality and less on relationships.

Accepted Answer

A) True 
 B)False

Question 6

A simulation model is verified when it represents:

Accepted Answer

A)  The correct real-life system. 
B)  The real-life system correctly. 
C)  Both a and b 
D)  Neither a nor b 
A)  The correct real-life system. 
B)  The real-life system correctly. 
C)  Both a and b 
D)  Neither a nor b

Question 7

Which of the following is true about a deterministic simulation model?

Accepted Answer

A)  The model contains no random variables. 
B)  The model is also known as a Monte Carlo simulation model. 
C)  The model may have one or more random variables. 
D)  All of the above 
A)  The model contains no random variables. 
B)  The model is also known as a Monte Carlo simulation model. 
C)  The model may have one or more random variables. 
D)  All of the above

Question 8

The state variables of a weather system change continuously as weather patterns evolve. As such, a weather simulation model can be represented with a continuous simulation model.

Accepted Answer

A) True 
 B)False

The decision maker must ensure that input variables are:

The purpose of the simulation study establishes the objective function of the model, which is also known as the independent variable in the model.

Which of the following is true about a stochastic simulation model?

The goal of simulation model is to provide insight and practical recommendations. Specifically, the analysis of the results can help to:

Simulation modeling focuses more on causality and less on relationships.

A simulation model is verified when it represents:

Which of the following is true about a deterministic simulation model?

The state variables of a weather system change continuously as weather patterns evolve. As such, a weather simulation model can be represented with a continuous simulation model.

Business Analytics With Management Science

Introduction to Linear Programming

Business Analytics With Linear Programming

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Exam 10: Business Analytics With Simulation

The decision maker must ensure that input variables are:

The purpose of the simulation study establishes the objective function of the model, which is also known as the independent variable in the model.

Which of the following is true about a stochastic simulation model?

The goal of simulation model is to provide insight and practical recommendations. Specifically, the analysis of the results can help to:

Simulation modeling focuses more on causality and less on relationships.

A simulation model is verified when it represents:

Which of the following is true about a deterministic simulation model?

The state variables of a weather system change continuously as weather patterns evolve. As such, a weather simulation model can be represented with a continuous simulation model.

Business Analytics With Management Science

Introduction to Linear Programming

Business Analytics With Linear Programming

Business Analytics With Nonlinear Programming

Business Analytics With Goal Programming

Business Analytics With Integer Programming

Business Analytics With Shipment Models

Marketing Analytics With Linear Programming

Marketing Analytics With Multiple Goals

Filters