Question

In: Economics

Question 1 The simulation models that have been based on independent trials in which the results...

Question 1

The simulation models that have been based on independent trials in which the results for one trial do not affect what happens in subsequent trials are referred to as:

static simulation models
dynamic simulation models
discrete-event simulation models
continuous-event simulation models

Question 2

In an inventory simulation model, the percentage of total demand that will be satisfied is referred to as:

the service level
the optimal order quantity
customer satisfaction level
the optimal inventory level

Question 3

If a simulation model is expressed in a simple diagram, which of the following components should not be in the diagram?

Probabilistic inputs
Controllable inputs
Outputs
Optimisation model

Question 4

“After reviewing the simulation results, the analyst is often able to make decision recommendations for the _____________ that will provide the desired output for the real system.”

controllable inputs
probabilistic inputs
model inputs
experiment inputs

Question 5

The simulation models that events, such as arrivals and departures of customers, occur at discrete points in time are referred to as:

static simulation models
dynamic simulation models
discrete-event simulation models
continuous-event simulation models

Question 6

In a waiting line simulation model, the time between two successive arrivals is referred to as:

interarrival time
arrival interval
headway
server idle time

Question 7

Define Risk Analysis in Simulation. Which of the following statements correctly define Risk Analysis in Simulation?

It is the process of predicting the outcome of a decision in the face of uncertainty.
It is a method for learning about a real system by experimenting with a model that represents the system.
It is a method that can be used to predict how a system will operate given certain choices for controllable inputs and randomly generated values for the probabilistic inputs.
It is one of the most widely used optimisation techniques.

Question 8

Which of the following statements is true about Validation in simulation?

It is the process of determining whether the computer procedure that performs the simulation calculation is logically correct.
It is largely a debugging task to make sure that no errors are in the computer process.
It may involve an analyst to compare computer results for a limited number of events with independent hand calculation.
It is the process of ensuring that the simulation model provides and accurate representation of a real system.

Question 910 pts

In simulation, an analysis involves generating values for the probabilistic inputs and computing the resulting value for the output is known as:

Sensitivity Analysis
What-If Analysis
Simulation Analysis
Best Scenario Analysis

Question 10

Which of the following statements is true about Verification?

It is largely a debugging task to make sure that no errors are in the computer process.
It is the process of ensuring that the simulation model provides and accurate representation of a real system.
It requires an agreement among analysts and managers that the logic and the assumptions accurately reflect the real system.
If possible, the output of simulation model is compared to the output of an existing real system.

Solutions

Expert Solution

QUESTION 1 :

Solution 1:

There are types of simulation models . the simulation model in which the result of one trial does not affect the subsequent trial is referred as Discrete - event simulation model.

static simulation model : it is used to represent a system in which time plays no roles i.e. we are generating the statistical result by dwawing some random samples.

Dynamic simulation model: it analazing manufacturing and services and service system since the operate over time. it includes the passage of time. it looks at state changes as they occure over time.

Discrete - event simulation models : it proceed sequence of event changes at decrete point in time as triggered by events. such events occure at a particular instant in time and mark a change of state in the system.

Continious - event simulation model : its behaviour changes only in response to specific event and typically model changes to a system resulting finite number of event distributed over time.


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