Exam 27: Simulation

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Use the following data set to answer questions 86-100. Inventory of Widgets Dver a 10-Day Period Day Supply Received Beginning lnventory Demand Ending Inventory Order Placed Lead Time 1 30 8 22 NO 2 22 5 17 NO 3 17 6 11 YES 1 4 11 8 3 NO 5 20 23 7 16 NO 6 16 7 9 YES 1 7 9 6 3 YES 8 20 23 6 17 NO 9 17 5 12 YES 1 10 12 7 5 NO -Consider the data on Inventory of Widgets Over a 10-Day Period.Any time that ending inventory falls to 15 or below,an order is placed for 20 units of the product.The lead time for delivery varies and is shown in the column under Lead Time.If the backorder costs are $10 per widget that is on backorder,what are the total backorder costs during the 10-day period?

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Use the following data to answer questions 80-85. Use the following data to answer questions 80-85.   -Consider the data on Inventory for Blenders Over a 20-Day Period.Any time that ending inventory falls to 15 or below,an order is placed for 30 units of the product.The lead time for delivery varies and is shown in the column under Lead Time.If the backorder costs were $19 per unit,what are the total backorder costs during the 20-day period? -Consider the data on Inventory for Blenders Over a 20-Day Period.Any time that ending inventory falls to 15 or below,an order is placed for 30 units of the product.The lead time for delivery varies and is shown in the column under Lead Time.If the backorder costs were $19 per unit,what are the total backorder costs during the 20-day period?

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Building a model aircraft for wind-tunnel studies to stimulate the performance of a real aircraft design is an example of ______.

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Demand for Microwave Ovens Demand for Microwave Orens Frequency of Dccumrence in Days Probability Cumulative Frobability Random Number Inferval 0 20 10.00\% 10.00\% 0 to 9 1 40 20.00\% 30.00\% 10 to 29 2 70 35.00\% 65.00\% 30 to 64 3 50 25.00\% 90.00\% 65 to 89 4 10 5.00\% 95.00\% 90 to 94 5 10 5.00\% 100.00\% 95 to 99 -Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 71,63,16,9,66,and 75?

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Which of the following statements about simulation process is FALSE?

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Demand for Microwave Ovens Demand for Microwave Orens Frequency of Dccumrence in Days Probability Cumulative Frobability Random Number Inferval 0 20 10.00\% 10.00\% 0 to 9 1 40 20.00\% 30.00\% 10 to 29 2 70 35.00\% 65.00\% 30 to 64 3 50 25.00\% 90.00\% 65 to 89 4 10 5.00\% 95.00\% 90 to 94 5 10 5.00\% 100.00\% 95 to 99 -Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 76,75,25,12,76,and 51?

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Demand for Microwave Ovens Demand for Microwave Orens Frequency of Dccumrence in Days Probability Cumulative Frobability Random Number Inferval 0 20 10.00\% 10.00\% 0 to 9 1 40 20.00\% 30.00\% 10 to 29 2 70 35.00\% 65.00\% 30 to 64 3 50 25.00\% 90.00\% 65 to 89 4 10 5.00\% 95.00\% 90 to 94 5 10 5.00\% 100.00\% 95 to 99 -Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 70,22,20,13,75,and 18?

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Demand for Microwave Ovens Demand for Microwave Orens Frequency of Dccumrence in Days Probability Cumulative Frobability Random Number Inferval 0 20 10.00\% 10.00\% 0 to 9 1 40 20.00\% 30.00\% 10 to 29 2 70 35.00\% 65.00\% 30 to 64 3 50 25.00\% 90.00\% 65 to 89 4 10 5.00\% 95.00\% 90 to 94 5 10 5.00\% 100.00\% 95 to 99 -Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 32,71,38,10,27,and 42?

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Which of the following statements is FALSE about formulating the mathematical model for simulation?

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Demand for Microwave Ovens Demand for Microwave Orens Frequency of Dccumrence in Days Probability Cumulative Frobability Random Number Inferval 0 20 10.00\% 10.00\% 0 to 9 1 40 20.00\% 30.00\% 10 to 29 2 70 35.00\% 65.00\% 30 to 64 3 50 25.00\% 90.00\% 65 to 89 4 10 5.00\% 95.00\% 90 to 94 5 10 5.00\% 100.00\% 95 to 99 -Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 90,5,98,41,55,and 31?

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Demand for Microwave Ovens Demand for Microwave Orens Frequency of Dccumrence in Days Probability Cumulative Frobability Random Number Inferval 0 20 10.00\% 10.00\% 0 to 9 1 40 20.00\% 30.00\% 10 to 29 2 70 35.00\% 65.00\% 30 to 64 3 50 25.00\% 90.00\% 65 to 89 4 10 5.00\% 95.00\% 90 to 94 5 10 5.00\% 100.00\% 95 to 99 -Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 79,64,43,88,47,and 53?

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______ is the process of ensuring that the model is reasonably robust and an accurate reflection of the real-world system that is being used.

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For the Monte Carlo simulation results shown in the following table,determine the average simulated demand. Day Random Number Simulated Demand 1 0.64 10 2 0.00 0 3 0.25 5 4 0.92 20 5 0.50 10 6 0.68 10 7 0.67 10 8 0.16 5 9 0.48 10 10 0.51 10 11 0.09 0 12 0.13 0 13 0.25 5 14 0.76 10 15 0.00 0

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Demand for Microwave Ovens Demand for Microwave Orens Frequency of Dccumrence in Days Probability Cumulative Frobability Random Number Inferval 0 20 10.00\% 10.00\% 0 to 9 1 40 20.00\% 30.00\% 10 to 29 2 70 35.00\% 65.00\% 30 to 64 3 50 25.00\% 90.00\% 65 to 89 4 10 5.00\% 95.00\% 90 to 94 5 10 5.00\% 100.00\% 95 to 99 -Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 11,94,58,49,35,and 14?

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Demand for Microwave Ovens Demand for Microwave Orens Frequency of Dccumrence in Days Probability Cumulative Frobability Random Number Inferval 0 20 10.00\% 10.00\% 0 to 9 1 40 20.00\% 30.00\% 10 to 29 2 70 35.00\% 65.00\% 30 to 64 3 50 25.00\% 90.00\% 65 to 89 4 10 5.00\% 95.00\% 90 to 94 5 10 5.00\% 100.00\% 95 to 99 -Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 77,29,2,7,64,and 71?

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Demand for Microwave Ovens Demand for Microwave Orens Frequency of Dccumrence in Days Probability Cumulative Frobability Random Number Inferval 0 20 10.00\% 10.00\% 0 to 9 1 40 20.00\% 30.00\% 10 to 29 2 70 35.00\% 65.00\% 30 to 64 3 50 25.00\% 90.00\% 65 to 89 4 10 5.00\% 95.00\% 90 to 94 5 10 5.00\% 100.00\% 95 to 99 -Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 18,14,7,50,21,and 47?

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Use the following data to answer questions 80-85. Use the following data to answer questions 80-85.   -Consider the data on Inventory for Blenders Over a 20-Day Period.Any time that ending inventory falls to 15 or below,an order is placed for 30 units of the product.The lead time for delivery varies and is shown in the column under Lead Time.If the ordering costs were $38 each time the product is ordered,what are the total ordering costs during the 20-day period? -Consider the data on Inventory for Blenders Over a 20-Day Period.Any time that ending inventory falls to 15 or below,an order is placed for 30 units of the product.The lead time for delivery varies and is shown in the column under Lead Time.If the ordering costs were $38 each time the product is ordered,what are the total ordering costs during the 20-day period?

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Use the following data set to answer questions 86-100. Inventory of Widgets Dver a 10-Day Period Day Supply Received Beginning lnventory Demand Ending Inventory Order Placed Lead Time 1 30 8 22 NO 2 22 5 17 NO 3 17 6 11 YES 1 4 11 8 3 NO 5 20 23 7 16 NO 6 16 7 9 YES 1 7 9 6 3 YES 8 20 23 6 17 NO 9 17 5 12 YES 1 10 12 7 5 NO -Consider the data on Inventory of Widgets Over a 10-Day Period.Any time that ending inventory falls to 15 or below,an order is placed for 20 units of the product.The lead time for delivery varies and is shown in the column under Lead Time.If the cost of each widget that is on backorder is $20,what are the total backorder costs during the 10-day period?

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Demand for Microwave Ovens Demand for Microwave Orens Frequency of Dccumrence in Days Probability Cumulative Frobability Random Number Inferval 0 20 10.00\% 10.00\% 0 to 9 1 40 20.00\% 30.00\% 10 to 29 2 70 35.00\% 65.00\% 30 to 64 3 50 25.00\% 90.00\% 65 to 89 4 10 5.00\% 95.00\% 90 to 94 5 10 5.00\% 100.00\% 95 to 99 -Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 65,32,23,33,80,and 14?

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______ involves testing alternative courses of action by choosing alternative models and executing the simulation repeatedly as necessary.

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