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Quantitative Analysis for Management Study Set 1
Quiz 14: Simulation Modeling
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Question 21
Multiple Choice
Table 14-3 A pawn shop in Arlington, Texas, has a drive-through window to better serve customers. The following tables provide information about the time between arrivals and the service times required at the window on a particularly busy day of the week. All times are in minutes.
The first random number generated for arrivals is used to tell when the first customer arrives after opening. -According to Table 14-3, the time between successive arrivals is 1, 2, 3, or 4 minutes. The store opens at 8:00 a.m., and random numbers are used to generate arrivals and service times. The first random number to generate an arrival is 39, while the first service time is generated by the random number 94. What time would the first customer finish transacting business?
Question 22
True/False
Operational gaming involves a single player competing with the computer simulated game.
Question 23
True/False
There are three categories of simulation models: Monte Carlo, operational gaming, and systems simulation.
Question 24
Multiple Choice
Table 14-2 A pharmacy is considering hiring another pharmacist to better serve customers. To help analyze this situation, records are kept to determine how many customers will arrive in any 10-minute interval. Based on 100 ten-minute intervals, the following probability distribution has been developed and random numbers assigned to each event.
-According to Table 14-2, the number of arrivals in any 10-minute period is between 6 and 10 inclusive. Suppose the next 3 random numbers were 02, 81, and 18. These numbers are used to simulate arrivals into the pharmacy. What would the average number of arrivals per 10-minute period be based on this set of occurrences?
Question 25
Multiple Choice
Table 14-1 A new young mother has opened a cloth diaper service. She is interested in simulating the number of diapers required for a one-year- old. She hopes to use this data to show the cost effectiveness of cloth diapers. The table below shows the number of diapers demanded daily and the probabilities associated with each level of demand.
-According to Table 14-1, if the random number 96 were generated for a particular day, what would the simulated demand be for that day?
Question 26
True/False
If, for a simple queuing or waiting line problem, we compare the solution from an analytical model with that from a simulation, we will typically find them to be exactly the same.
Question 27
Multiple Choice
Table 14-2 A pharmacy is considering hiring another pharmacist to better serve customers. To help analyze this situation, records are kept to determine how many customers will arrive in any 10-minute interval. Based on 100 ten-minute intervals, the following probability distribution has been developed and random numbers assigned to each event.
-According to Table 14-2, the number of arrivals in any 10-minute period is between 6 and 10, inclusive. Suppose the next three random numbers were 18, 89, and 67, and these were used to simulate arrivals in the next three 10-minute intervals. How many customers would have arrived during this 30-minute time period?
Question 28
Multiple Choice
Table 14-1 A new young mother has opened a cloth diaper service. She is interested in simulating the number of diapers required for a one-year- old. She hopes to use this data to show the cost effectiveness of cloth diapers. The table below shows the number of diapers demanded daily and the probabilities associated with each level of demand.
-According to Table 14-1, if the random number 40 were generated for a particular day, what would the simulated demand be for that day?
Question 29
True/False
The advantage of simulation over queuing or waiting line models is that simulation allows us to relax our assumptions regarding arrival and service distributions.
Question 30
Multiple Choice
The following is not an advantage of simulation:
Question 31
True/False
When establishing a probability distribution based on historical outcomes, the relative frequency for each possible outcome of a variable is found by dividing the frequency of each outcome by the total number of observations.