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 $5 per widget,what are the total inventory costs during the 10-day period?

A) $115 B) $575 C) $45 D) $230 A) $115 B) $575 C) $45 D) $230

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 90,51,32,45,93,and 70?

A) 17 B) 18 C) 19 D) 20 A) 17 B) 18 C) 19 D) 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 61,36,32,36,87,and 56?

A) 10 B) 11 C) 12 D) 13 A) 10 B) 11 C) 12 D) 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 69,29,56,8,83,and 55?

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

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 66,68,12,34,12,and 61?

A) 12 B) 9 C) 10 D) 11 A) 12 B) 9 C) 10 D) 11

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 holding inventory amounts to $10 per widget per day,what are the total inventory costs during the 10-day period?

A) $805 B) $1,150 C) $7 D) $122 A) $805 B) $1,150 C) $7 D) $122

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 amount to $3 per widget per day,then what are the total inventory costs?

A) $345 B) $215 C) $785 D) $68 A) $345 B) $215 C) $785 D) $68

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 13,90,6,5,4,and 49?

A) 8 B) 9 C) 6 D) 7 A) 8 B) 9 C) 6 D) 7

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 61,89,94,96,42,and 13?

A) 15 B) 9 C) 17 D) 11 A) 15 B) 9 C) 17 D) 11

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 backorder costs amount to $14 for each widget that is on backorder,then what are the total backorder costs?

A) $0 B) $14 C) $126 D) $90 A) $0 B) $14 C) $126 D) $90

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 holding inventory is $6 per unit per day,what are the total ordering costs during the 10-day period?

A) $6 B) $115 C) $690 D) $695 A) $6 B) $115 C) $690 D) $695

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 69,32,86,60,90,and 55?

A) 15 B) 16 C) 17 D) 18 A) 15 B) 16 C) 17 D) 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 47,9,83,79,29,and 28?

A) 9 B) 10 C) 11 D) 12 A) 9 B) 10 C) 11 D) 12

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 ordering costs are $20 per order,what are the total ordering costs during the 10-day period?

A) $60 B) $3 C) $20 D) $180 A) $60 B) $3 C) $20 D) $180

Exam 27: Simulation

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 inventory costs are $5 per widget,what are the total inventory costs during the 10-day period?

(Multiple Choice)

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Question 81

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 90,51,32,45,93,and 70?

(Multiple Choice)

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Question 82

are defined as a sequence of numbers that are distributed over a defined interval range,for what it is not possible to predict their future values based on their current or past values.

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Question 83

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 61,36,32,36,87,and 56?

(Multiple Choice)

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Question 84

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 69,29,56,8,83,and 55?

(Multiple Choice)

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Question 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 $32 each time the product is ordered,what are the total ordering costs during the 20-day period?

(Multiple Choice)

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Question 86

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 66,68,12,34,12,and 61?

(Multiple Choice)

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Question 87

Which of the following is the most preferred option to be used whenever it is impossible,cost prohibitive,or impractical to use any other approach for problem solving?

(Multiple Choice)

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Question 88

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 holding inventory amounts to $10 per widget per day,what are the total inventory costs during the 10-day period?

(Multiple Choice)

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Question 89

Which of the following steps is part of an Excel function that can be used to generate a random number between 0 and 1?

(Multiple Choice)

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Question 90

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 inventory costs amount to $3 per widget per day,then what are the total inventory costs?

(Multiple Choice)

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Question 91

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 13,90,6,5,4,and 49?

(Multiple Choice)

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Question 92

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 61,89,94,96,42,and 13?

(Multiple Choice)

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Question 93

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 amount to $14 for each widget that is on backorder,then what are the total backorder costs?

(Multiple Choice)

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Question 94

Which of the following techniques involves selecting numbers randomly from a known probability distribution to be used in simulation trials?

(Multiple Choice)

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Question 95

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 holding inventory is $6 per unit per day,what are the total ordering costs during the 10-day period?

(Multiple Choice)

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Question 96

There are ______ key steps in developing a simulation model.

(Multiple Choice)

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Question 97

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 69,32,86,60,90,and 55?

(Multiple Choice)

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Question 98

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 47,9,83,79,29,and 28?

(Multiple Choice)

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Question 99

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 ordering costs are $20 per order,what are the total ordering costs during the 10-day period?

(Multiple Choice)

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Question 100

are defined as a sequence of numbers that are distributed over a defined interval range,for what it is not possible to predict their future values based on their current or past values.

Which of the following is the most preferred option to be used whenever it is impossible,cost prohibitive,or impractical to use any other approach for problem solving?

Which of the following steps is part of an Excel function that can be used to generate a random number between 0 and 1?

Which of the following techniques involves selecting numbers randomly from a known probability distribution to be used in simulation trials?

There are ______ key steps in developing a simulation model.

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

______ are defined as a sequence of numbers that are ______ distributed over a defined interval range,for what it is not possible to predict their future values based on their current or past values.

Which of the following is the most preferred option to be used whenever it is impossible,cost prohibitive,or impractical to use any other approach for problem solving?

Which of the following steps is part of an Excel function that can be used to generate a random number between 0 and 1?

Which of the following techniques involves selecting numbers randomly from a known probability distribution to be used in simulation trials?

There are ______ key steps in developing a simulation model.

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

are defined as a sequence of numbers that are distributed over a defined interval range,for what it is not possible to predict their future values based on their current or past values.