MODULE F - MODULE F: SIMULATI ON 1. Simul ation has numer...

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Unformatted text preview: MODULE F: SIMULATI ON 1. Simul ation has numer ous applic ations in moder n busine ss, but few of these are in the area of operat ions. False (Introducti on, easy) 2. All forms of simulation are based on probability or chance. False (Introducti on, easy) 3. The idea behind simulatio n is threefold: (1) to imitate a real- world situation mathematically, (2) then to study its properties and operating characteristics, and (3) finally to draw conclusions and make action decisions based on the results of the simulation. True (What is simulation?, easy) 4. Simulation is usually capable of producing a more appropriate answer to a complex problem than can be obtained from a mathematical model. True (What is simulation? moderate) 5. Virtually all large-scale simulations take place on computers, but small simulations can be conducted by hand. True (What is simulation? easy) {AACSB: Use of IT} 6. One effective use of simulation is to study problems for which the mathematical models of operations management are not realistic enough. True (Advantages and disadvantages of simulation, moderate) 7. Simulation allows managers to test the effects of major policy decisions on real-life systems without disturbing the real system. True (Advantages and disadvantages of simulation, moderate) 8. Simulation provides optimal solutions to problems. False (Advantages and disadvantages of simulation, moderate) 9. Like mathematical and analytical models, simulation is restricted to using the standard probability distributions. False (Advantages and disadvantages of simulation, moderate) 10. Simulation models are inexpensive to design and use. False (Advantages and disadvantages of simulation, moderate) 11. Simulation models, because they are based on the generation of random numbers, fail to give the same solution in repeated use to any particular problem. True (Advantages and disadvantages of simulation, moderate) 12. By starting random number intervals at 01, not 00, the top of each range is the cumulative probability. True (Monte Carlo simulation, moderate) 13. A simulation model is designed to arrive at a single specific numerical answer to a given problem. False (Advantages and disadvantages of simulation, moderate) 14. A simulation is "Monte Carlo" when the elements of a system being simulated exhibit chance in their behavior. True (Monte Carlo simulation, moderate) 15. Random number intervals are based on cumulative probability distributions. True (Monte Carlo simulation, moderate) 16. Simulation is the attempt to duplicate the features, appearance, and characteristics of a real system, usually via a computerized model. True (What is simulation?, easy) 17. 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....
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This note was uploaded on 10/16/2011 for the course MARKETING 1234s taught by Professor Mohammed during the Spring '11 term at Abu Dhabi University.

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MODULE F - MODULE F: SIMULATI ON 1. Simul ation has numer...

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