Exam 27: Simulation

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One of the advantages of simulation is that:

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A distribution of service times at a waiting line indicates that service takes 6 minutes 30 percent of the time,7 minutes 40 percent of the time,8 minutes 20 percent of the time,and 9 minutes 10 percent of the time.In preparing this distribution for Monte Carlo analysis,the service time of 8 minutes would be represented by what random number range?

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One of the disadvantages of simulation is that it:

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Explain the difference between random numbers and random number intervals.

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The number of tires sold at a car garage varies randomly between 0 and 4 each hour,with equally probability for each possible outcome.What set of random numbers (on the 01-100 scale)would tire sales of 2 be assigned?

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A simulation model is designed to arrive at a single specific numerical answer to a given problem.

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A(n)________ is a series of digits that have been selected by a totally random process.

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The effects of operations management policies over many months or years can be obtained by computer simulation in a short time.What is this phenomenon called?

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Simulation has numerous applications in modern business,but few of these are in the area of operations.

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A distribution of service times at a waiting line shows that service takes 6 minutes 30 percent of the time,7 minutes 40 percent of the time,8 minutes 20 percent of the time,and 9 minutes 10 percent of the time.This distribution has been prepared for Monte Carlo analysis.The first two random numbers drawn are 53 and 74.The simulated service times are ________ minutes,then ________ minutes.

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One of the disadvantages of simulation is that it:

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Identify five applications of simulation.

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Explain how Monte Carlo simulation uses random numbers.

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Random number intervals are based on cumulative probability distributions.

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State the three-fold idea behind simulation.

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