6S.2 Simulation Modeling
1) One advantage of simulation modeling is:
A) it allows the user to conduct a “what if” analysis.
B) the many simplifying assumptions that are often made when using it.
C) the fact that an optimal solution is reached.
D) the time and cost required to make a perfectly realistic simulation.
2) Which of the following statements about simulation is BEST?
A) Tools like optimization and regression analysis work best when they are simulated.
B) Simulation permits managers to test the effects of new policies and procedures without disrupting
customer service.
C) As computers have increased in processing power, simulation results have become less accurate.
D) Computer-based simulation is the only “true” simulation.
3) Which of the following is characteristic of Monte Carlo simulation?
A) Results are usually not valid, but provide managers with an approximation.
B) Time compression is not possible using this technique.
C) Statistical sampling is used to create outcomes for many trials.
D) Computer packages such as SimQuick and Arena can show on-screen graphics of customers moving
through the system or inventory accumulation.