Question 1

Simulation is the preferred technique for problems with random variables represented by probability distributions.

Accepted Answer

A) True 
 B)False  True

Question 2

Simulation analysis is useful for operational problems that

Accepted Answer

A) are easy to solve analytically. 
B) can't be solved analytically. 
C) require an optimal solution. 
D) meet specific analytical criteria. 
A) are easy to solve analytically. 
B) can't be solved analytically. 
C) require an optimal solution. 
D) meet specific analytical criteria. B

Question 3

A steady state results when a simulation is repeated enough times that the random variable being investigated reaches the expected value or average demand.

Accepted Answer

A) True 
 B)False  False

Question 4

The Monte Carlo technique is a type of simulation model.

Accepted Answer

A) True 
 B)False

Question 5

The ______________ technique selects numbers randomly from a probability distribution for use in a trial run of a simulation.

Accepted Answer

A) Computer World 
B) Monaco 
C) steady-state 
D) None of these answer choices is correct. 
A) Computer World 
B) Monaco 
C) steady-state 
D) None of these answer choices is correct.

Question 6

A random number's likelihood of being selected is based on a uniform distribution.

Accepted Answer

A) True 
 B)False

Question 7

The Monte Carlo technique selects numbers randomly from a probability distribution for use in a quantitative model.

Accepted Answer

A) True 
 B)False

Question 8

Because simulation is used to analyze probabilistic problems,it provides information that is used to make a decision versus an optimal solution.

Accepted Answer

A) True 
 B)False

Question 9

As a simulation model becomes more complex,using a computer application is the recommended approach.

Accepted Answer

A) True 
 B)False

Question 10

Simulation is a popular decision-making tool that can be applied to any type of problem.

Accepted Answer

A) True 
 B)False

Question 11

After a sufficient number of simulation runs,a steady state results when the variable being investigated reaches an _________ result that remains constant.

Accepted Answer

A) optimal 
B) average 
C) expected 
D) estimated 
A) optimal 
B) average 
C) expected 
D) estimated

Question 12

Simulation analysis is the preferred method used at hospitals to determine the type of treatment a patient requires.

Accepted Answer

A) True 
 B)False

Question 13

The daily demand for a company's product follows the probability distribution below.   The expected value,or average,weekly demand is

Accepted Answer

A) 41.50. 
B) 45.50. 
C) 47.75. 
D) 51.75 
A) 41.50. 
B) 45.50. 
C) 47.75. 
D) 51.75

Question 14

The weekly capacity measured in machine hours for a small machine shop follows the probability distribution shown below.   Based on the probability distribution above,the expected value,or average hours of weekly capacity for the machine shop is

Accepted Answer

A) 500 hours. 
B) 490 hours. 
C) 480 hours. 
D) 475 hours. 
A) 500 hours. 
B) 490 hours. 
C) 480 hours. 
D) 475 hours.

Question 15

The weekly capacity measured in machine hours for a small machine shop follows the probability distribution shown below.   Use the following random numbers to simulate weekly capacity for the machine shop for the next five weeks: 93,31,71,8,6.
If the first random number interval begins with 0,then the estimated average capacity for the simulated five week period is

Accepted Answer

A) 560. 
B) 520. 
C) 480. 
D) 400. 
A) 560. 
B) 520. 
C) 480. 
D) 400.

Question 16

What is simulation and why is it a popular decision-making tool?

Accepted Answer

Simulation is a modeling approach primar

Question 17

Simulation is often viewed as the technique of last resort because it can be applied to situations when there is no applicable quantitative model.

Accepted Answer

A) True 
 B)False

Question 18

The weekly demand for a company's product follows the probability distribution below.   The expected value,or average,weekly demand is

Accepted Answer

A) 137.50. 
B) 142.50. 
C) 153.75. 
D) 165.75 
A) 137.50. 
B) 142.50. 
C) 153.75. 
D) 165.75

Question 19

At a Wal-Mart store,simulation can be used to determine the required staffing levels at check-out stands.

Accepted Answer

A) True 
 B)False

Question 20

In what ways is simulation relevant to analyzing production problems?

Accepted Answer

Simulation is often applied to productio

Exam 19: Supplement Operational Decision-Making Tools: Simulation

Simulation is the preferred technique for problems with random variables represented by probability distributions.

Simulation analysis is useful for operational problems that

A steady state results when a simulation is repeated enough times that the random variable being investigated reaches the expected value or average demand.

The Monte Carlo technique is a type of simulation model.

The ______________ technique selects numbers randomly from a probability distribution for use in a trial run of a simulation.

A random number's likelihood of being selected is based on a uniform distribution.

The Monte Carlo technique selects numbers randomly from a probability distribution for use in a quantitative model.

Because simulation is used to analyze probabilistic problems,it provides information that is used to make a decision versus an optimal solution.

As a simulation model becomes more complex,using a computer application is the recommended approach.

Simulation is a popular decision-making tool that can be applied to any type of problem.

After a sufficient number of simulation runs,a steady state results when the variable being investigated reaches an _________ result that remains constant.

Simulation analysis is the preferred method used at hospitals to determine the type of treatment a patient requires.

The daily demand for a company's product follows the probability distribution below. The expected value,or average,weekly demand is

The weekly capacity measured in machine hours for a small machine shop follows the probability distribution shown below. Based on the probability distribution above,the expected value,or average hours of weekly capacity for the machine shop is

What is simulation and why is it a popular decision-making tool?

Simulation is often viewed as the technique of last resort because it can be applied to situations when there is no applicable quantitative model.

The weekly demand for a company's product follows the probability distribution below. The expected value,or average,weekly demand is

At a Wal-Mart store,simulation can be used to determine the required staffing levels at check-out stands.

In what ways is simulation relevant to analyzing production problems?

Introduction to Operations and Supply Chain Management

Supplement Operational Decision-Making Tools: Decision Analysis

Quality Management

Statistical Process Control

Supplement Operational Decision-Making Tools: Acceptance Sampling

Product Design

Service Design

Processes and Technology

Capacity and Facilities

Supplement Operational Decision-Making Tools: Facility Location Models

Human Resources

Supplement Operational Decision-Making Tools: Work Measurement

Project Management

Supply Chain Management Strategy and Design

Global Supply Chain Procurement and Distribution

Supplement Operational Decision-Making Tools: Transportation and Transshipment Models

Forecasting

Inventory Management

Sales and Operations Planning

Supplement Operational Decision-Making Tools: Linear Programming

Enterprise Resource Planning

Lean Systems

Scheduling

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