ISYE 6644 Simulation Review Questions
Module 1
• Who is William Gosset? - ✔️✔️He invented the t distribution that is used
ubiquitously in statistics.
• YES or NO? Has anyone closely related to the field of computer simulation ever
won a Nobel Prize? - ✔️✔️Yes Harry Markowitz won the 1990 Nobel Prize in
Economics for his work in the field of portfolio optimization. He is highly regarded
in the simulation community for his conception and development of the general-
purpose simulation language SIMSCRIPT.
• Which of the following are areas where simulation has found substantial
application? (More than one answer below may be correct.) - ✔️✔️Inventory and
Supply Chain Analysis
• Financial Analysis
• Manufacturing
• Health Systems
• Transportation Systems
• Why might simulation be a good tool to analyze supply chains? (More than one
answer below may be correct.) - ✔️✔️Supply chains often have complicated
network structures, making exact analysis difficult.
• Supply chains are stochastic systems, with random travel times, lead times, and
order patterns.
• Suppose there are 40 random people in a room. What is the probability that at
least two of them will have the same birthday? - ✔️✔️Somewhat greater than
1/2. In fact, you only need 23 people in the room to achieve a probability of 1/2
• Inscribe a circle in a unit square and toss 1000 random darts at the square.
Suppose that 800 of those darts land in the circle. Using the technology
developed in this lesson, what is the resulting estimate for π ? - ✔️✔️3.2 Since
the estimate 𝜋̂ = 4 x (proportion in circle). Note that (a) is the University of
Georgia answer, and is completely incorrect.
Module 1
• Who is William Gosset? - ✔️✔️He invented the t distribution that is used
ubiquitously in statistics.
• YES or NO? Has anyone closely related to the field of computer simulation ever
won a Nobel Prize? - ✔️✔️Yes Harry Markowitz won the 1990 Nobel Prize in
Economics for his work in the field of portfolio optimization. He is highly regarded
in the simulation community for his conception and development of the general-
purpose simulation language SIMSCRIPT.
• Which of the following are areas where simulation has found substantial
application? (More than one answer below may be correct.) - ✔️✔️Inventory and
Supply Chain Analysis
• Financial Analysis
• Manufacturing
• Health Systems
• Transportation Systems
• Why might simulation be a good tool to analyze supply chains? (More than one
answer below may be correct.) - ✔️✔️Supply chains often have complicated
network structures, making exact analysis difficult.
• Supply chains are stochastic systems, with random travel times, lead times, and
order patterns.
• Suppose there are 40 random people in a room. What is the probability that at
least two of them will have the same birthday? - ✔️✔️Somewhat greater than
1/2. In fact, you only need 23 people in the room to achieve a probability of 1/2
• Inscribe a circle in a unit square and toss 1000 random darts at the square.
Suppose that 800 of those darts land in the circle. Using the technology
developed in this lesson, what is the resulting estimate for π ? - ✔️✔️3.2 Since
the estimate 𝜋̂ = 4 x (proportion in circle). Note that (a) is the University of
Georgia answer, and is completely incorrect.
