Question 1

Why are simulation models used in decision making?

Accepted Answer

Testing proposed new operating procedures in an actual operation can be expensive,complicated,and risky to quality,employees,and equipment.

Question 2

To simulate the group size of groups of people attending a movie screening,the following translator function is used: Group size 1 = 0 to less than 0.21
Group size 2 = 0.21 to less than 0.65
Group size 3 = 0.65 to less than 0.84
Group size 4 = 0.84 to less than 0.95
Group size of 5 or more = 0.95 to less than 1
What is the simulated group size if the random number 0.59 is generated?

Accepted Answer

A) 1 
B) 2 
C) 3 
D) 4 
E) 5 
A) 1 
B) 2 
C) 3 
D) 4 
E) 5 B

Question 3

Once a region is identified in an LP problem that satisfies all conditions,where will the optimum solution be found with relation to the feasible region?

Accepted Answer

A) Any place within the region 
B) A point outside the region 
C) At the origin 
D) On one of the corners of the region 
E) None of these options 
A) Any place within the region 
B) A point outside the region 
C) At the origin 
D) On one of the corners of the region 
E) None of these options D

Question 4

Three stores are supplied from three distribution centers.Shipping costs,store demand,and distribution center (DC)capacity are shown in the following table.

Accepted Answer

The following sensitivity report was als

Question 5

Sam's Sawmill makes two products.One product is a wood bench (B)and the other product is a wood stool (S).Sam has a sawmill,so having the right material on hand is never a problem.However,production is limited.Sam's brother Chris is the carpenter,and he cannot work more than 240 hours a month.It takes Chris 4 hours to make a bench and 3 hours to make a stool.Sam had a limited budget,so he installed a small paint booth for staining the products.Sam does the painting,but he only has 100 hours a month available.It takes Sam 2 hours to paint a bench and 1 hour to paint a stool.Sam makes $7 for every bench and $5 profit for every stool.
Identify the corner points of the feasible region.

Accepted Answer

Origin (B = 0,S = 0)(B = 0,S = 80)Inters

Question 6

If the marketing department would like at least 100 white blenders to be produced,the sign for this constraint would be:

Accepted Answer

A) £ 
B) ³ 
C)  
E) = 
A) £ 
B) ³ 
C)  
E) =

Question 7

Describe what a translator function does in a simulation.

Accepted Answer

There are standard translation functions

Question 8

Which of the following means arriving at a maximum or minimum point of a mathematical function?

Accepted Answer

A) Linear programming 
B) Constraints 
C) Optimization 
D) Linearity 
E) Best-case scenario planning 
A) Linear programming 
B) Constraints 
C) Optimization 
D) Linearity 
E) Best-case scenario planning

Question 9

Identify three disadvantages to building simulation models in spreadsheets.

Accepted Answer

Extensive programming knowledg

Question 10

Linear programming is commonly used to solve all the following types of problems except

Accepted Answer

A) Production planning 
B) Transportation planning 
C) Project planning 
D) Labor scheduling 
E) Capacity planning 
A) Production planning 
B) Transportation planning 
C) Project planning 
D) Labor scheduling 
E) Capacity planning

Question 11

In addition to management decision-making games and model validation,discrete-event simulation can be used for what other purpose?

Accepted Answer

A) Cost evaluation 
B) Model selection 
C) Company comparisons 
D) Process design 
E) All of these options 
A) Cost evaluation 
B) Model selection 
C) Company comparisons 
D) Process design 
E) All of these options

Question 12

The objective function of a linear program provides the criterion by which all decisions should be evaluated.

Accepted Answer

A) True 
 B)False

Question 13

When the state of a system needs to be known at specific times,numerical simulation is a viable option for a decision maker.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following describes business simulations?

Accepted Answer

A) Simulations are only numerical. 
B) Animation simulations are too sophisticated for business applications. 
C) Simulations are too complex to run on spreadsheets. 
D) Highly educated specialists are required to conduct simulations. 
E) None of these options describe business simulations. 
A) Simulations are only numerical. 
B) Animation simulations are too sophisticated for business applications. 
C) Simulations are too complex to run on spreadsheets. 
D) Highly educated specialists are required to conduct simulations. 
E) None of these options describe business simulations.

Question 15

The graphical solution to a linear programming problem can be used when there are only two decision variables.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is not considered to be a component of linear programming?

Accepted Answer

A) An objective function 
B) Decision variables 
C) Constraints 
D) Nonnegativity 
E) Restricted to integers 
A) An objective function 
B) Decision variables 
C) Constraints 
D) Nonnegativity 
E) Restricted to integers

Question 17

If a transportation problem has suppliers at four locations and customers at six locations,how many decision variables are required to solve the transportation problem?

Accepted Answer

4 manufacturing faci

Question 18

When using Microsoft Excel to solve an LP problem,the software package provides an answer report and what other report?

Accepted Answer

A) Solution analysis report 
B) Slack analysis report 
C) Constraint optimization report 
D) Adjustable cell report 
E) Sensitivity report 
A) Solution analysis report 
B) Slack analysis report 
C) Constraint optimization report 
D) Adjustable cell report 
E) Sensitivity report

Question 19

If a company is trying to maximize profit while selling two products,Bigpods with $10 profit and Smallpods with $7 profit,and if 100 assembly hours are split equally between the two products and one hour assembly is required for each pod,what is the maximum profit?

Accepted Answer

A) $17 
B) $700 
C) $850 
D) $1000 
E) $1700 
A) $17 
B) $700 
C) $850 
D) $1000 
E) $1700

Question 20

Which term describes the additional amount a company will make if one more unit of a constrained resource is added?

Accepted Answer

A) Shadow price 
B) Slack 
C) Binding 
D) Final value 
E) Sensitivity value 
A) Shadow price 
B) Slack 
C) Binding 
D) Final value 
E) Sensitivity value

Why are simulation models used in decision making?

Once a region is identified in an LP problem that satisfies all conditions,where will the optimum solution be found with relation to the feasible region?

Three stores are supplied from three distribution centers.Shipping costs,store demand,and distribution center (DC)capacity are shown in the following table.

If the marketing department would like at least 100 white blenders to be produced,the sign for this constraint would be:

Describe what a translator function does in a simulation.

Which of the following means arriving at a maximum or minimum point of a mathematical function?

Identify three disadvantages to building simulation models in spreadsheets.

Linear programming is commonly used to solve all the following types of problems except

In addition to management decision-making games and model validation,discrete-event simulation can be used for what other purpose?

The objective function of a linear program provides the criterion by which all decisions should be evaluated.

When the state of a system needs to be known at specific times,numerical simulation is a viable option for a decision maker.

Which of the following describes business simulations?

The graphical solution to a linear programming problem can be used when there are only two decision variables.

Which of the following is not considered to be a component of linear programming?

If a transportation problem has suppliers at four locations and customers at six locations,how many decision variables are required to solve the transportation problem?

When using Microsoft Excel to solve an LP problem,the software package provides an answer report and what other report?

If a company is trying to maximize profit while selling two products,Bigpods with $10 profit and Smallpods with $7 profit,and if 100 assembly hours are split equally between the two products and one hour assembly is required for each pod,what is the maximum profit?

Which term describes the additional amount a company will make if one more unit of a constrained resource is added?

Operations and Supply Chain Strategy

Quality Management

New Product Development

Process Design and Analysis

Forecasting

Independent Demand Inventory

Dependent Demand Inventory

Project Management

Capacity Planning

Quality Improvement Methods

Lean Enterprise

Technology and Integrated Supply Management

Global Supply Chain and Service Integration

Filters

Exam 9: Optimization and Simulation Modeling

Why are simulation models used in decision making?

Once a region is identified in an LP problem that satisfies all conditions,where will the optimum solution be found with relation to the feasible region?

Three stores are supplied from three distribution centers.Shipping costs,store demand,and distribution center (DC)capacity are shown in the following table.

If the marketing department would like at least 100 white blenders to be produced,the sign for this constraint would be:

Describe what a translator function does in a simulation.

Which of the following means arriving at a maximum or minimum point of a mathematical function?

Identify three disadvantages to building simulation models in spreadsheets.

Linear programming is commonly used to solve all the following types of problems except

In addition to management decision-making games and model validation,discrete-event simulation can be used for what other purpose?

The objective function of a linear program provides the criterion by which all decisions should be evaluated.

When the state of a system needs to be known at specific times,numerical simulation is a viable option for a decision maker.

Which of the following describes business simulations?

The graphical solution to a linear programming problem can be used when there are only two decision variables.

Which of the following is not considered to be a component of linear programming?

If a transportation problem has suppliers at four locations and customers at six locations,how many decision variables are required to solve the transportation problem?

When using Microsoft Excel to solve an LP problem,the software package provides an answer report and what other report?

If a company is trying to maximize profit while selling two products,Bigpods with $10 profit and Smallpods with $7 profit,and if 100 assembly hours are split equally between the two products and one hour assembly is required for each pod,what is the maximum profit?

Which term describes the additional amount a company will make if one more unit of a constrained resource is added?

Operations and Supply Chain Strategy

Quality Management

New Product Development

Process Design and Analysis

Forecasting

Independent Demand Inventory

Dependent Demand Inventory

Project Management

Capacity Planning

Quality Improvement Methods

Lean Enterprise

Technology and Integrated Supply Management

Global Supply Chain and Service Integration

Filters