BUS107 Pre Course Quiz 5 PDF

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BUS107 Pre Course Quiz 5...

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PCQ005

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Which of the following statements is not true about Simulation?

Any simulation model has two components: decision variables and dependant variables.

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

interarrival time

The process of determining whether the computer procedure that performs the simulation calculation is logically correct is referred to as:

Verification

In an inventory simulation model, the percentage the service level of total demand that will be satisfied is referred to as: Which of the following statements is true about Validation in simulation?

It is the process of ensuring that the simulation model provides and accurate representation of a real system.

Which of the following statements is not true about ‘static simulation models’?

The models must take into account how the system changes or evolves over time.

The process of ensuring that the simulation model provides and accurate representation of a real system is referred to as:

Validation

In simulation, numerical values that appear in the mathematical relationships of a model are referred to as:

Parameters

Which of the following simulation inputs are randomly generated?

Probabilistic inputs

Which of the following statements is not correct on simulation?

Simulation is not an optimisation technique

PCQ005

“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

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.

In simulation, determining the output given the most likely values for the probabilistic input of a model is referred to as:

Base Case Scenario

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

Discrete-event simulation model

Which of the following is not an advantage of simulation?

It guarantees to provide an optimal solution for the real system.

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

Optimisation model

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 model

Which of the following statements is not true about simulation analysis?

Simulation can be quite expensive. As such, Simulation is not one of the most widely used analytical techniques.

PCQ005

The simulation models that must take into account how the system changes or evolves over time are referred to as:

dynamic simulation models

Which of the following statements is not true on computer implementation of simulation?

The advantage of using general purpose computer language to develop a simulation model is that special simulation procedures are built in those languages

Which of following decision making examples may be suitable for an application of simulation analysis?

All of the listed examples are suitable for simulation analysis.

I. New Product Development II. Inventory Policy III. Traffic Flow problem “By conducting a series of experiments using a variety of values for the _____________, the analysts learn how values of the _____________ affect or change the output of the simulation model.”

Controllable inputs, controllable inputs

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

What-If Analysis

Which of the following is not true about simulation? It can be used to model and learn about the behaviour of complex systems. It can be time consuming and expensive. The summary of the simulation data provides only estimates of the real systems. It requires a high level of statistical knowledge and expertise to induce an optimal solution for the real system from simulation output.

It requires a high level of statistical knowledge and expertise to induce an optimal solution for the real system from simulation output.

PCQ005

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....