Question 1

Simulation is an optimization technique.

Accepted Answer

A) True 
 B)False

Question 2

The word "uniform" in the term "uniform random numbers" means

Accepted Answer

A) all the numbers have the same number of digits. 
B) if one number is,say,10 units above the mean,the next number will be 10 units below the mean. 
C) all the numbers are odd or all are even. 
D) each number has an equal probability of being drawn. 
A) all the numbers have the same number of digits. 
B) if one number is,say,10 units above the mean,the next number will be 10 units below the mean. 
C) all the numbers are odd or all are even. 
D) each number has an equal probability of being drawn.

Question 3

As the owner of a rent-a-car agency you have determined the following statistics:
   The gross profit is $40 per car per day rented.When there is demand for a car when none is available there is a goodwill loss of $80 and the rental is lost.Each day a car is unused costs you $5 per car.Your firm initially has 4 cars. 
a.Conduct a 10-day simulation of this business using Row #1 below for demand and Row #2 below for rental length.
   
b.If your firm can obtain another car for $200 for 10 days,should you take the extra car?

Accepted Answer

a.10-day profit is $

Question 4

The parameters of a simulation model are the controllable inputs.

Accepted Answer

A) True 
 B)False

Question 5

A static simulation model is used in situations where the state of the system affects how the system changes or evolves over time.

Accepted Answer

A) True 
 B)False

Question 6

Numerical values that appear in the mathematical relationships of a model and are considered known and remain constant over all trials of a simulation are

Accepted Answer

A) parameters. 
B) probabilistic input. 
C) controllable input. 
D) events. 
A) parameters. 
B) probabilistic input. 
C) controllable input. 
D) events.

Question 7

Estimates of the financial information for a new product show the following information:
   Use the random numbers .51,.97,.58,.22,and .16 to simulate five trials.What is the net profit for each trial?

Accepted Answer

The answer of Estimates of the financial information for a...

Question 8

A simulation model used in situations where the state of the system at one point in time does not affect the state of the system at future points in time is called a

Accepted Answer

A) dynamic simulation model. 
B) static simulation model. 
C) steady-state simulation model. 
D) discrete-event simulation model. 
A) dynamic simulation model. 
B) static simulation model. 
C) steady-state simulation model. 
D) discrete-event simulation model.

Question 9

Greenfields is a mail order seed and plant business.The size of orders is uniformly distributed over the interval from $25 to $80.Use the following random numbers to generate the size of 10 orders.

Accepted Answer

The answer of Greenfields is a mail order seed and...

Simulation is an optimization technique.

The word "uniform" in the term "uniform random numbers" means

The parameters of a simulation model are the controllable inputs.

A static simulation model is used in situations where the state of the system affects how the system changes or evolves over time.

Numerical values that appear in the mathematical relationships of a model and are considered known and remain constant over all trials of a simulation are

Estimates of the financial information for a new product show the following information: Use the random numbers .51,.97,.58,.22,and .16 to simulate five trials.What is the net profit for each trial?

A simulation model used in situations where the state of the system at one point in time does not affect the state of the system at future points in time is called a

Greenfields is a mail order seed and plant business.The size of orders is uniformly distributed over the interval from $25 to $80.Use the following random numbers to generate the size of 10 orders.

Introduction

Introduction to Probability

Probability Distributions

Decision Analysis

Utility and Game Theory

Forecasting

Introduction to Linear Programming

Lp Sensitivity Analysis and Interpretation of Solution

Linear Programming Applications

Distribution and Network Problems

Integer Linear Programming

Advanced Optimization Application

Project Scheduling: Pertcpm

Inventory Models

Waiting Line Models

Markov Processes

Filters

Exam 16: Simulation

Simulation is an optimization technique.

The word "uniform" in the term "uniform random numbers" means

The parameters of a simulation model are the controllable inputs.

A static simulation model is used in situations where the state of the system affects how the system changes or evolves over time.

Numerical values that appear in the mathematical relationships of a model and are considered known and remain constant over all trials of a simulation are

Estimates of the financial information for a new product show the following information: Use the random numbers .51,.97,.58,.22,and .16 to simulate five trials.What is the net profit for each trial?

A simulation model used in situations where the state of the system at one point in time does not affect the state of the system at future points in time is called a

Greenfields is a mail order seed and plant business.The size of orders is uniformly distributed over the interval from $25 to $80.Use the following random numbers to generate the size of 10 orders.

Introduction

Introduction to Probability

Probability Distributions

Decision Analysis

Utility and Game Theory

Forecasting

Introduction to Linear Programming

Lp Sensitivity Analysis and Interpretation of Solution

Linear Programming Applications

Distribution and Network Problems

Integer Linear Programming

Advanced Optimization Application

Project Scheduling: Pertcpm

Inventory Models

Waiting Line Models

Markov Processes

Filters