Question 1

If we are going to simulate an inventory problem, we must

Accepted Answer

A)   Run the simulation for many days.
B)   Run the simulation for many days many times, i. e. , using multiple sets of random numbers.
C)   Run the simulation many times, i. e. , using multiple sets of random numbers.
D)   Run the simulation once, for a relative short period of time. B

Question 2

Which of the following are disadvantages of simulation?

Accepted Answer

A)   inability to analyze large and complex real-world situations
B)   "time compression" capability
C)   could be disruptive by interfering with the real-world system
D)   is not usually easily tr A

Question 3

The ________ determine(s) the equilibrium of a Markov process.

Accepted Answer

A)   original state probabilities
B)   state vector
C)   transition matrix
D)   fundamental matrix F C

Question 4

To simulate is to try to __________ the features, appearance, and characteristics of a real system.

Accepted Answer

A)   Develop
B)   Analyze
C)   Multiply
D)   Duplicate

Question 5

Cumulative probabilities are found by

Accepted Answer

A)   summing all the probabilities associated with a variable.
B)   simulating the initial probability distribution.
C)   summing all the previous probabilities up to the current value of the variable.
D)   any method one chooses.

Question 6

The first step in simulation is to

Accepted Answer

A)   set up possible courses of action for testing.
B)   construct a numerical model.
C)   validate the model.
D)   define the problem.

Question 7

Simulation should be thought of as a technique for

Accepted Answer

A)   obtaining a relatively inexpensive solution to a problem.
B)   increasing one's understanding of a problem.
C)   obtaining an optimal solution to a problem.
D)   providing quick and dirty

Question 8

The three types of mathematical simulation models are

Accepted Answer

A)   operational gaming, Monte Carlo, systems simulation
B)   Monte Carlo, queuing, maintenance policy.
C)   Monte Carlo, systems simulation, computer gaming.
D)   system simulation, operational gaming, weather forecasting.

Question 9

Most of the constraints in the linear programming problem are expressed as ……….

Accepted Answer

A)   Equality
B)   Inequality
C)   Uncertain
D)   all of the above

Exam 3: Simulation Modeling and Analysis