Question 1

One effective use of simulation is to study problems for which the mathematical models of operations management are not realistic enough.

Accepted Answer

A) True 
 B)False

Question 2

A distribution of service times at a waiting line indicates that service takes 12 minutes 30 percent of the time and 14 minutes 70 percent of the time.This distribution has been prepared for Monte Carlo analysis.The first four random numbers drawn are 07,60,77,and 49.What is the average service time of this simulation?

Accepted Answer

A) 12 minutes 
B) 13 minutes 
C) 13.5 minutes 
D) 14 minutes 
E) 54 minutes 
A) 12 minutes 
B) 13 minutes 
C) 13.5 minutes 
D) 14 minutes 
E) 54 minutes

Question 3

Simulation models that are based on the generation of random numbers may fail to give the same solution in repeated use to any particular problem.

Accepted Answer

A) True 
 B)False

Question 4

Define simulation.

Accepted Answer

Simulation is the attempt to d

Question 5

From a portion of a probability distribution,you read that P(demand = 0)is 0.25,and P(demand = 1)is 0.30.What are the random number intervals for this distribution beginning with 01?

Accepted Answer

A) 01 through 25,and 26 through 30 
B) 01 through 25,and 01 through 30 
C) 01 through 25,and 26 through 55 
D) 00 through 25,and 26 through 55 
E) 00 through 25,and 26 through 30 
A) 01 through 25,and 26 through 30 
B) 01 through 25,and 01 through 30 
C) 01 through 25,and 26 through 55 
D) 00 through 25,and 26 through 55 
E) 00 through 25,and 26 through 30

Question 6

Results of simulation experiments with large numbers of trials or long experimental runs will generally be better than those with fewer trials or shorter experimental runs.

Accepted Answer

A) True 
 B)False

Question 7

One of the advantages of simulation is that:

Accepted Answer

A) managers must generate all of the conditions and constraints for solutions that they want to examine. 
B) it always generates a more accurate solution than a mathematical solution would. 
C) the policy changes may be tried without disturbing the real-life system. 
D) model development is less time consuming than for mathematical models. 
E) model solutions are transferable to a wide variety of problems. 
A) managers must generate all of the conditions and constraints for solutions that they want to examine. 
B) it always generates a more accurate solution than a mathematical solution would. 
C) the policy changes may be tried without disturbing the real-life system. 
D) model development is less time consuming than for mathematical models. 
E) model solutions are transferable to a wide variety of problems.

Question 8

A(n)________ is the accumulation of individual probabilities of a distribution.

Accepted Answer

cumulative

Question 9

Simulation may be capable of producing a more appropriate answer to a complex problem than can be obtained from a mathematical model.

Accepted Answer

A) True 
 B)False

Question 10

What are the advantages and disadvantages of simulation models?

Accepted Answer

Advantages:
• It can be used to analyze

Question 11

"Time compression" and the ability to pose "what-if?" questions are elements of:

Accepted Answer

A) setting up a probability distribution for important variables. 
B) the disadvantages of simulation. 
C) physical simulations but not mathematical simulations. 
D) the advantages of simulation. 
E) the broad threefold idea of simulation. 
A) setting up a probability distribution for important variables. 
B) the disadvantages of simulation. 
C) physical simulations but not mathematical simulations. 
D) the advantages of simulation. 
E) the broad threefold idea of simulation.

Question 12

Despite the powerful simulation software available today,good simulation models can take a long time to develop.

Accepted Answer

A) True 
 B)False

Question 13

Identify the seven steps involved in using simulation.

Accepted Answer

1.Define the problem.
2.Introduce the im

Question 14

Which of the following is NOT a disadvantage of simulation?

Accepted Answer

A) time compression 
B) good simulation models can take a long time to develop 
C) repetitive approach 
D) all input must be user generated 
E) All of these are disadvantages to simulation. 
A) time compression 
B) good simulation models can take a long time to develop 
C) repetitive approach 
D) all input must be user generated 
E) All of these are disadvantages to simulation.

Question 15

From a portion of a probability distribution,you read that P(demand = 0)is 0.05 and P(demand = 1)is 0.10.The cumulative probability for demand = 1 would be which of the following?

Accepted Answer

A) 0.05 
B) 0.075 
C) 0.10 
D) 0.15 
E) 0.005 
A) 0.05 
B) 0.075 
C) 0.10 
D) 0.15 
E) 0.005

Question 16

Complete the following table in preparation for a Monte Carlo simulation.

Accepted Answer

The answer of Complete the following table in preparation for...

Question 17

Explain what is meant by the statement: "simulation is not limited to using the standard probability distributions."

Accepted Answer

"Standard models" include normal,binomia

Question 18

Virtually all large-scale simulations take place on computers,but small simulations can be conducted by hand.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is NOT a step in running a Monte Carlo simulation?

Accepted Answer

A) setting up a probability distribution for important variables 
B) building a cumulative probability distribution for each variable 
C) establishing an interval of random numbers for each variable 
D) generating random numbers 
E) All of the above are steps in running a Monte Carlo simulation. 
A) setting up a probability distribution for important variables 
B) building a cumulative probability distribution for each variable 
C) establishing an interval of random numbers for each variable 
D) generating random numbers 
E) All of the above are steps in running a Monte Carlo simulation.

Question 20

Which of the following is TRUE regarding simulation?

Accepted Answer

A) Small problems can be done by hand. 
B) Most simulations are computerized. 
C) Real-world complications can be included in simulation models. 
D) Simulation is most suitable where standard analytical models are too complex. 
E) All of the above are true. 
A) Small problems can be done by hand. 
B) Most simulations are computerized. 
C) Real-world complications can be included in simulation models. 
D) Simulation is most suitable where standard analytical models are too complex. 
E) All of the above are true.

Exam 27: Simulation

One effective use of simulation is to study problems for which the mathematical models of operations management are not realistic enough.

Simulation models that are based on the generation of random numbers may fail to give the same solution in repeated use to any particular problem.

Define simulation.

From a portion of a probability distribution,you read that P(demand = 0)is 0.25,and P(demand = 1)is 0.30.What are the random number intervals for this distribution beginning with 01?

Results of simulation experiments with large numbers of trials or long experimental runs will generally be better than those with fewer trials or shorter experimental runs.

One of the advantages of simulation is that:

A(n)________ is the accumulation of individual probabilities of a distribution.

Simulation may be capable of producing a more appropriate answer to a complex problem than can be obtained from a mathematical model.

What are the advantages and disadvantages of simulation models?

"Time compression" and the ability to pose "what-if?" questions are elements of:

Despite the powerful simulation software available today,good simulation models can take a long time to develop.

Identify the seven steps involved in using simulation.

Which of the following is NOT a disadvantage of simulation?

From a portion of a probability distribution,you read that P(demand = 0)is 0.05 and P(demand = 1)is 0.10.The cumulative probability for demand = 1 would be which of the following?

Complete the following table in preparation for a Monte Carlo simulation.

Explain what is meant by the statement: "simulation is not limited to using the standard probability distributions."

Virtually all large-scale simulations take place on computers,but small simulations can be conducted by hand.

Which of the following is NOT a step in running a Monte Carlo simulation?

Which of the following is TRUE regarding simulation?

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