Exam 19: Supplement Operational Decision-Making Tools: Simulation

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The weekly demand for a company's product follows the probability distribution below. Use the following random numbers to simulate the product's demand for the next five weeks: 72,27,93,17,47. If the first random number interval begins with 0 then the estimated average weekly demand for the simulated five week period is

(Multiple Choice)

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Question 21

The weekly demand for a company's product follows the probability distribution below. Use the following random numbers to simulate the product's demand for the next five weeks: 72,27,93,17,47. If the first random number interval begins with 0 then the estimated total demand for the simulated five week period is

(Multiple Choice)

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Question 22

The daily demand for a company's product follows the probability distribution below: Use the following random numbers to simulate the product's demand for the next five weeks: 72,27,93,17,47. If the first random number interval begins with 0,then the estimated average weekly demand for the simulated five week period is

(Multiple Choice)

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Question 23

An advantage of using a computer versus a manual approach when performing a simulation is that it often takes only seconds versus hours to reach a steady-state result.

(True/False)

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Question 24

The daily demand for a company's product follows the probability distribution below: Use the following random numbers to simulate the product's demand for the next five weeks: 72,27,93,17,47. If the first random number interval begins with 1,then the estimated total demand for the simulated five week period is

(Multiple Choice)

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Question 25

Showing 21 - 25 of 25

An advantage of using a computer versus a manual approach when performing a simulation is that it often takes only seconds versus hours to reach a steady-state result.

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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