Question 1

What is a translator function?

Accepted Answer

A) Converts uniformly distributed random numbers to another probability distribution 
B) Translates from English to simulation language 
C) Changes values to a negative amount 
D) Enables computers to read FORTRAN 
E) Identifies distribution of a given arrival pattern 
A) Converts uniformly distributed random numbers to another probability distribution 
B) Translates from English to simulation language 
C) Changes values to a negative amount 
D) Enables computers to read FORTRAN 
E) Identifies distribution of a given arrival pattern

Question 2

A transportation problem has a nonnegativity constraint; what two other constraints does it have?

Accepted Answer

A) Production capacity and demand constraints 
B) Fuel and mileage constraints 
C) Storage capacity and truck capacity constraints 
D) Manufacturing costs and transportation distances 
E) Production locations and store locations 
A) Production capacity and demand constraints 
B) Fuel and mileage constraints 
C) Storage capacity and truck capacity constraints 
D) Manufacturing costs and transportation distances 
E) Production locations and store locations

Question 3

A computer simulation is generally appropriate for process analysis if the objective is to observe the system over a period of time.

Accepted Answer

A) True 
 B)False

Question 4

Only minimization problems can be solved graphically.

Accepted Answer

A) True 
 B)False

Question 5

A process has two constraints.Constraint A is 2X + 2Y £ 14.Constraint B is 4X + 10Y £ 40.All variables are nonnegative.What are the corner points of the feasible region?

Accepted Answer

The origin is (X = 0,Y = 0).The two choi

Question 6

Random chance makes it difficult to predict outcomes in complex,real-world operating environments.

Accepted Answer

A) True 
 B)False

Question 7

If the maximization objective function is evaluated at three corner points of a graphically solved LP problem,and Point A yields a profit of $20,000,Point B yields a profit of $55,000,and point C yields a profit of $41,000,what point produces the optimum solution?

Accepted Answer

A) The origin 
B) Point A 
C) Point B 
D) Point C 
E) Cannot be determined 
A) The origin 
B) Point A 
C) Point B 
D) Point C 
E) Cannot be determined

Question 8

Constraints place limits or restrictions on a given optimization problem.

Accepted Answer

A) True 
 B)False

Question 9

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.
What is the objective function for Sam's product mix problem?

Accepted Answer

B = number of benches to const

Question 10

A product-mix problem often involves maximizing profits by producing the optimal combination of items produced.

Accepted Answer

A) True 
 B)False

Question 11

The optimal solution of a linear programming problem will always be outside of the feasible regions.

Accepted Answer

A) True 
 B)False

Question 12

Extremely complex linear programs can be solved with which mathematical tool?

Accepted Answer

A) Algorithms 
B) Simulations 
C) Probabilities 
D) Regression 
E) Decision trees 
A) Algorithms 
B) Simulations 
C) Probabilities 
D) Regression 
E) Decision trees

Question 13

Identify three conditions when computer simulation is an appropriate tool for process analysis.

Accepted Answer

The system has one or more int

Question 14

The shadow price of constraint will be provided on what Microsoft Excel output?

Accepted Answer

A) Answer report 
B) Solver options report 
C) Gradient report 
D) Sensitivity report 
E) Limits report 
A) Answer report 
B) Solver options report 
C) Gradient report 
D) Sensitivity report 
E) Limits report

Question 15

Consider the following constraint: X3 ³ 33.This implies that at most 33 units of product X3 can be produced.

Accepted Answer

A) True 
 B)False

Question 16

The optimal solution of a linear programming problem will always occur on a corner of the feasible region.

Accepted Answer

A) True 
 B)False

Question 17

One component of a linear programming problem assumes that all mathematical equations or inequalities are represented as straight lines.

Accepted Answer

A) True 
 B)False

Question 18

Modeling the check-in process at a hotel is an example of a discrete-event simulation.

Accepted Answer

A) True 
 B)False

Question 19

For the following sensitivity report,how much would your objective function increase if you acquired more of constraint A? How much would your objective function increase if you acquired more of constraint B?
   A.The shadow price is 5 for constraint B,so the objective function will increase $15 for every additional unit of constraint

Accepted Answer

The shadow price is 15 for constraint A,

Question 20

What is an advantage of using spreadsheet-based simulation models?

Accepted Answer

A) The amount of programming required 
B) The cost of the spreadsheet software 
C) The time to run the simulation 
D) The time to develop the models 
E) All are advantages of using spreadsheet-based models 
A) The amount of programming required 
B) The cost of the spreadsheet software 
C) The time to run the simulation 
D) The time to develop the models 
E) All are advantages of using spreadsheet-based models

What is a translator function?

A transportation problem has a nonnegativity constraint; what two other constraints does it have?

A computer simulation is generally appropriate for process analysis if the objective is to observe the system over a period of time.

Only minimization problems can be solved graphically.

A process has two constraints.Constraint A is 2X + 2Y £ 14.Constraint B is 4X + 10Y £ 40.All variables are nonnegative.What are the corner points of the feasible region?

Random chance makes it difficult to predict outcomes in complex,real-world operating environments.

If the maximization objective function is evaluated at three corner points of a graphically solved LP problem,and Point A yields a profit of $20,000,Point B yields a profit of $55,000,and point C yields a profit of $41,000,what point produces the optimum solution?

Constraints place limits or restrictions on a given optimization problem.

A product-mix problem often involves maximizing profits by producing the optimal combination of items produced.

The optimal solution of a linear programming problem will always be outside of the feasible regions.

Extremely complex linear programs can be solved with which mathematical tool?

Identify three conditions when computer simulation is an appropriate tool for process analysis.

The shadow price of constraint will be provided on what Microsoft Excel output?

Consider the following constraint: X₃ ³ 33.This implies that at most 33 units of product X₃ can be produced.

The optimal solution of a linear programming problem will always occur on a corner of the feasible region.

One component of a linear programming problem assumes that all mathematical equations or inequalities are represented as straight lines.

Modeling the check-in process at a hotel is an example of a discrete-event simulation.

What is an advantage of using spreadsheet-based simulation models?

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

What is a translator function?

A transportation problem has a nonnegativity constraint; what two other constraints does it have?

A computer simulation is generally appropriate for process analysis if the objective is to observe the system over a period of time.

Only minimization problems can be solved graphically.

A process has two constraints.Constraint A is 2X + 2Y £ 14.Constraint B is 4X + 10Y £ 40.All variables are nonnegative.What are the corner points of the feasible region?

Random chance makes it difficult to predict outcomes in complex,real-world operating environments.

If the maximization objective function is evaluated at three corner points of a graphically solved LP problem,and Point A yields a profit of $20,000,Point B yields a profit of $55,000,and point C yields a profit of $41,000,what point produces the optimum solution?

Constraints place limits or restrictions on a given optimization problem.

A product-mix problem often involves maximizing profits by producing the optimal combination of items produced.

The optimal solution of a linear programming problem will always be outside of the feasible regions.

Extremely complex linear programs can be solved with which mathematical tool?

Identify three conditions when computer simulation is an appropriate tool for process analysis.

The shadow price of constraint will be provided on what Microsoft Excel output?

Consider the following constraint: X3 ³ 33.This implies that at most 33 units of product X3 can be produced.

The optimal solution of a linear programming problem will always occur on a corner of the feasible region.

One component of a linear programming problem assumes that all mathematical equations or inequalities are represented as straight lines.

Modeling the check-in process at a hotel is an example of a discrete-event simulation.

What is an advantage of using spreadsheet-based simulation models?

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

Consider the following constraint: X₃ ³ 33.This implies that at most 33 units of product X₃ can be produced.