Question 1

Which of the following statements about simulation is FALSE?

Accepted Answer

A) Since each simulation model is specifically developed to analyze a specific problem,the models,results,or the conclusions cannot be transferred to other problems. 
B) Simulation results are generally not more accurate than analytical models. 
C) It is a flexible tool and can be quickly adapted as conditions in the problem environment change. 
D) Developing complex simulation models can be time-consuming and expensive. 
A) Since each simulation model is specifically developed to analyze a specific problem,the models,results,or the conclusions cannot be transferred to other problems. 
B) Simulation results are generally not more accurate than analytical models. 
C) It is a flexible tool and can be quickly adapted as conditions in the problem environment change. 
D) Developing complex simulation models can be time-consuming and expensive.

Question 2

Demand for Microwave Ovens $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Demand } \
\text { for } \
\text { Microwave } \
\text { Orens }
\end{array} & \begin{array} { l } 
\text { Frequency } \
\text { of } \
\text { Dccumrence } \
\text { in Days }
\end{array} & \text { Probability } & \begin{array} { l } 
\text { Cumulative } \
\text { Frobability }
\end{array} & \begin{array} { l } 
\text { Random } \
\text { Number } \
\text { Inferval }
\end{array} \
\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \
\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \
\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \
\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \
\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \
\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \
\hline
\end{array}$$
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 94,28,13,86,48,and 71?

Accepted Answer

A) 8 
B) 14 
C) 10 
D) 11 
A) 8 
B) 14 
C) 10 
D) 11

Question 3

Demand for Microwave Ovens $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Demand } \
\text { for } \
\text { Microwave } \
\text { Orens }
\end{array} & \begin{array} { l } 
\text { Frequency } \
\text { of } \
\text { Dccumrence } \
\text { in Days }
\end{array} & \text { Probability } & \begin{array} { l } 
\text { Cumulative } \
\text { Frobability }
\end{array} & \begin{array} { l } 
\text { Random } \
\text { Number } \
\text { Inferval }
\end{array} \
\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \
\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \
\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \
\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \
\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \
\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \
\hline
\end{array}$$
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 18,3,50,10,17,and 21?

Accepted Answer

A) 3 
B) 4 
C) 5 
D) 6 
A) 3 
B) 4 
C) 5 
D) 6

Question 4

Demand for Microwave Ovens $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Demand } \
\text { for } \
\text { Microwave } \
\text { Orens }
\end{array} & \begin{array} { l } 
\text { Frequency } \
\text { of } \
\text { Dccumrence } \
\text { in Days }
\end{array} & \text { Probability } & \begin{array} { l } 
\text { Cumulative } \
\text { Frobability }
\end{array} & \begin{array} { l } 
\text { Random } \
\text { Number } \
\text { Inferval }
\end{array} \
\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \
\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \
\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \
\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \
\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \
\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \
\hline
\end{array}$$
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 38,34,99,40,35,and 66?

Accepted Answer

A) 16 
B) 9 
C) 10 
D) 11 
A) 16 
B) 9 
C) 10 
D) 11

Question 5

Demand for Microwave Ovens $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Demand } \
\text { for } \
\text { Microwave } \
\text { Orens }
\end{array} & \begin{array} { l } 
\text { Frequency } \
\text { of } \
\text { Dccumrence } \
\text { in Days }
\end{array} & \text { Probability } & \begin{array} { l } 
\text { Cumulative } \
\text { Frobability }
\end{array} & \begin{array} { l } 
\text { Random } \
\text { Number } \
\text { Inferval }
\end{array} \
\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \
\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \
\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \
\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \
\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \
\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \
\hline
\end{array}$$
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 27,29,84,29,98,and 79?

Accepted Answer

A) 12 
B) 13 
C) 14 
D) 15 
A) 12 
B) 13 
C) 14 
D) 15

Question 6

Use the following data set to answer questions 86-100. $$\begin{array}{l}
\text { Inventory of Widgets Dver a 10-Day Period }\
\begin{array} { | l | l | l | l | l | l | l | } 
\hline \text { Day } & \begin{array} { l } 
\text { Supply } \
\text { Received }
\end{array} & \begin{array} { l } 
\text { Beginning } \
\text { lnventory }
\end{array} & \text { Demand } & \begin{array} { l } 
\text { Ending } \
\text { Inventory }
\end{array} & \begin{array} { l } 
\text { Order } \
\text { Placed }
\end{array} & \begin{array} { l } 
\text { Lead } \
\text { Time }
\end{array} \
\hline 1 & & 30 & 8 & 22 & \text { NO } & \
\hline 2 & & 22 & 5 & 17 & \text { NO } & \
\hline 3 & & 17 & 6 & 11 & \text { YES } & 1 \
\hline 4 & & 11 & 8 & 3 & \text { NO } & \
\hline 5 & 20 & 23 & 7 & 16 & \text { NO } & \
\hline 6 & & 16 & 7 & 9 & \text { YES } & 1 \
\hline 7 & & 9 & 6 & 3 & \text { YES } & \
\hline 8 & 20 & 23 & 6 & 17 & \text { NO } & \
\hline 9 & & 17 & 5 & 12 & \text { YES } & 1 \
\hline 10 & & 12 & 7 & 5 & \text { NO } & \
\hline
\end{array}
\end{array}$$
-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 placing an order is $8,what are the total ordering costs during the 10-day period?

Accepted Answer

A) $3 
B) $42 
C) $8 
D) $24 
A) $3 
B) $42 
C) $8 
D) $24

Question 7

_______ is the act of duplicating the operation of a real-world process or system over time.

Accepted Answer

A) Duplication 
B) Simulation 
C) Programming 
D) Modeling 
A) Duplication 
B) Simulation 
C) Programming 
D) Modeling

Question 8

______ is the act of duplicating the operation of a real-world process or system over time using physical objects to replace the actual objects.

Accepted Answer

A) Abstract simulation 
B) Physical simulation 
C) Process simulation 
D) Design simulation 
A) Abstract simulation 
B) Physical simulation 
C) Process simulation 
D) Design simulation

Question 9

Demand for Microwave Ovens $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Demand } \
\text { for } \
\text { Microwave } \
\text { Orens }
\end{array} & \begin{array} { l } 
\text { Frequency } \
\text { of } \
\text { Dccumrence } \
\text { in Days }
\end{array} & \text { Probability } & \begin{array} { l } 
\text { Cumulative } \
\text { Frobability }
\end{array} & \begin{array} { l } 
\text { Random } \
\text { Number } \
\text { Inferval }
\end{array} \
\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \
\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \
\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \
\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \
\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \
\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \
\hline
\end{array}$$
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 86,47,38,81,47,and 45?

Accepted Answer

A) 15 
B) 14 
C) 13 
D) 12 
A) 15 
B) 14 
C) 13 
D) 12

Question 10

A sequence of numbers uniformly distributed over a defined interval or range,for which it is not possible to predict their future values based on their past or current values,is commonly referred to as ______.

Accepted Answer

A) a normal distribution 
B) random numbers 
C) discrete distribution 
D) integers 
A) a normal distribution 
B) random numbers 
C) discrete distribution 
D) integers

Question 11

Which of the following formulae can be used in Excel to generate normally distributed random numbers for a given mean and standard distribution?

Accepted Answer

A) norminv() 
B) normdist(rand(),mean,standard deviation) 
C) norminv(rand(),mean,standard deviation) 
D) normdist() 
A) norminv() 
B) normdist(rand(),mean,standard deviation) 
C) norminv(rand(),mean,standard deviation) 
D) normdist()

Question 12

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 holding cost per unit were $12,what are the total inventory costs for the 20-day period?

Accepted Answer

A) $3,360. 
B) $3,360 
C) $3,444. 
D) $3,204. 
A) $3,360. 
B) $3,360 
C) $3,444. 
D) $3,204.

Question 13

Demand for Microwave Ovens $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Demand } \
\text { for } \
\text { Microwave } \
\text { Orens }
\end{array} & \begin{array} { l } 
\text { Frequency } \
\text { of } \
\text { Dccumrence } \
\text { in Days }
\end{array} & \text { Probability } & \begin{array} { l } 
\text { Cumulative } \
\text { Frobability }
\end{array} & \begin{array} { l } 
\text { Random } \
\text { Number } \
\text { Inferval }
\end{array} \
\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \
\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \
\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \
\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \
\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \
\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \
\hline
\end{array}$$
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 5,41,67,98,69,and 66?

Accepted Answer

A) 8 
B) 16 
C) 10 
D) 11 
A) 8 
B) 16 
C) 10 
D) 11

Question 14

Use the following data set to answer questions 86-100. $$\begin{array}{l}
\text { Inventory of Widgets Dver a 10-Day Period }\
\begin{array} { | l | l | l | l | l | l | l | } 
\hline \text { Day } & \begin{array} { l } 
\text { Supply } \
\text { Received }
\end{array} & \begin{array} { l } 
\text { Beginning } \
\text { lnventory }
\end{array} & \text { Demand } & \begin{array} { l } 
\text { Ending } \
\text { Inventory }
\end{array} & \begin{array} { l } 
\text { Order } \
\text { Placed }
\end{array} & \begin{array} { l } 
\text { Lead } \
\text { Time }
\end{array} \
\hline 1 & & 30 & 8 & 22 & \text { NO } & \
\hline 2 & & 22 & 5 & 17 & \text { NO } & \
\hline 3 & & 17 & 6 & 11 & \text { YES } & 1 \
\hline 4 & & 11 & 8 & 3 & \text { NO } & \
\hline 5 & 20 & 23 & 7 & 16 & \text { NO } & \
\hline 6 & & 16 & 7 & 9 & \text { YES } & 1 \
\hline 7 & & 9 & 6 & 3 & \text { YES } & \
\hline 8 & 20 & 23 & 6 & 17 & \text { NO } & \
\hline 9 & & 17 & 5 & 12 & \text { YES } & 1 \
\hline 10 & & 12 & 7 & 5 & \text { NO } & \
\hline
\end{array}
\end{array}$$
-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 inventory costs are $8 per widget per day,what are the total inventory costs during the 10-day period?

Accepted Answer

A) $115 
B) $8 
C) $920 
D) $928 
A) $115 
B) $8 
C) $920 
D) $928

Question 15

Demand for Microwave Ovens $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Demand } \
\text { for } \
\text { Microwave } \
\text { Orens }
\end{array} & \begin{array} { l } 
\text { Frequency } \
\text { of } \
\text { Dccumrence } \
\text { in Days }
\end{array} & \text { Probability } & \begin{array} { l } 
\text { Cumulative } \
\text { Frobability }
\end{array} & \begin{array} { l } 
\text { Random } \
\text { Number } \
\text { Inferval }
\end{array} \
\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \
\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \
\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \
\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \
\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \
\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \
\hline
\end{array}$$
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 29,68,35,56,46,and 72?

Accepted Answer

A) 13 
B) 14 
C) 15 
D) 16 
A) 13 
B) 14 
C) 15 
D) 16

Question 16

The demand distribution for LED TVs is tabled here.Determine the expected demand for LED TVs in the long run using probability distribution. $$\begin{array} { | l | l | } 
\hline \text { Demsnd for LED TVs } & \text { Frequency of Dccurrence in Days } \
\hline 0 & 10 \
\hline 5 & 20 \
\hline 10 & 30 \
\hline 20 & 10 \
\hline 25 & 5 \
\hline
\end{array}$$

Accepted Answer

A) 10 
B) 9.67 
C) 3.45 
D) 8.65 
A) 10 
B) 9.67 
C) 3.45 
D) 8.65

Question 17

Monte Carlo simulation is composed of ______ steps.

Accepted Answer

A) four 
B) five 
C) six 
D) three 
A) four 
B) five 
C) six 
D) three

Question 18

Demand for Microwave Ovens $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Demand } \
\text { for } \
\text { Microwave } \
\text { Orens }
\end{array} & \begin{array} { l } 
\text { Frequency } \
\text { of } \
\text { Dccumrence } \
\text { in Days }
\end{array} & \text { Probability } & \begin{array} { l } 
\text { Cumulative } \
\text { Frobability }
\end{array} & \begin{array} { l } 
\text { Random } \
\text { Number } \
\text { Inferval }
\end{array} \
\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \
\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \
\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \
\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \
\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \
\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \
\hline
\end{array}$$
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 56,84,24,81,42,and 51?

Accepted Answer

A) 12 
B) 13 
C) 14 
D) 15 
A) 12 
B) 13 
C) 14 
D) 15

Question 19

______ consists of preparing a detailed report of the simulation study.

Accepted Answer

A) Experimentation 
B) Model formulation 
C) Documentation 
D) Validation 
A) Experimentation 
B) Model formulation 
C) Documentation 
D) Validation

Question 20

Demand for Microwave Ovens $$\begin{array} { | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Demand } \
\text { for } \
\text { Microwave } \
\text { Orens }
\end{array} & \begin{array} { l } 
\text { Frequency } \
\text { of } \
\text { Dccumrence } \
\text { in Days }
\end{array} & \text { Probability } & \begin{array} { l } 
\text { Cumulative } \
\text { Frobability }
\end{array} & \begin{array} { l } 
\text { Random } \
\text { Number } \
\text { Inferval }
\end{array} \
\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \
\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \
\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \
\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \
\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \
\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \
\hline
\end{array}$$
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 1,80,10,4,35,and 62?

Accepted Answer

A) 8 
B) 9 
C) 10 
D) 11 
A) 8 
B) 9 
C) 10 
D) 11

Which of the following statements about simulation is FALSE?

_______ is the act of duplicating the operation of a real-world process or system over time.

______ is the act of duplicating the operation of a real-world process or system over time using physical objects to replace the actual objects.

A sequence of numbers uniformly distributed over a defined interval or range,for which it is not possible to predict their future values based on their past or current values,is commonly referred to as ______.

Which of the following formulae can be used in Excel to generate normally distributed random numbers for a given mean and standard distribution?

The demand distribution for LED TVs is tabled here.Determine the expected demand for LED TVs in the long run using probability distribution. Demsnd for LED TVs Frequency of Dccurrence in Days 0 10 5 20 10 30 20 10 25 5

Monte Carlo simulation is composed of ______ steps.

______ consists of preparing a detailed report of the simulation study.

Introduction to Managing Global Operations and Supply Chains

Operations and Supply Chain Strategies

Project Management

Supplement: Project Management

Product and Service Innovations

Supplement: Reliability

Managing for Quality

Quality Improvement and Control Tools

Capacity Planning

Supply Chain Design and Location Planning

Process Design and Layout Planning

Supplement: Tools for Analyzing, Designing, and Selecting Processes and Layouts

Supplier Management

Logistics Management

Demand Management and Customer Service

Demand Forecasting Methods

Lean Operations and Supply Chains

Inventory Management

Inventory Control Models

Sales and Operations Planning

Master Scheduling and Material Requirements Planning

Supplement: Capacity Requirements Planning, MRP II, ERP, and DRP

Detailed Scheduling

Linear Programming

The Transportation Models

Waiting Line Models

Learning Curves

Decision-Making Tools

Filters

Exam 27: Simulation

Which of the following statements about simulation is FALSE?

_______ is the act of duplicating the operation of a real-world process or system over time.

______ is the act of duplicating the operation of a real-world process or system over time using physical objects to replace the actual objects.

A sequence of numbers uniformly distributed over a defined interval or range,for which it is not possible to predict their future values based on their past or current values,is commonly referred to as ______.

Which of the following formulae can be used in Excel to generate normally distributed random numbers for a given mean and standard distribution?

The demand distribution for LED TVs is tabled here.Determine the expected demand for LED TVs in the long run using probability distribution. Demsnd for LED TVs Frequency of Dccurrence in Days 0 10 5 20 10 30 20 10 25 5

Monte Carlo simulation is composed of ______ steps.

______ consists of preparing a detailed report of the simulation study.

Introduction to Managing Global Operations and Supply Chains

Operations and Supply Chain Strategies

Project Management

Supplement: Project Management

Product and Service Innovations

Supplement: Reliability

Managing for Quality

Quality Improvement and Control Tools

Capacity Planning

Supply Chain Design and Location Planning

Process Design and Layout Planning

Supplement: Tools for Analyzing, Designing, and Selecting Processes and Layouts

Supplier Management

Logistics Management

Demand Management and Customer Service

Demand Forecasting Methods

Lean Operations and Supply Chains

Inventory Management

Inventory Control Models

Sales and Operations Planning

Master Scheduling and Material Requirements Planning

Supplement: Capacity Requirements Planning, MRP II, ERP, and DRP

Detailed Scheduling

Linear Programming

The Transportation Models

Waiting Line Models

Learning Curves

Decision-Making Tools

Filters