ISYE 6644 Simulation Review Questions Module 1 ACTUAL UPDATED
QUESTIONS AND CORRECT ANSWERS
We are interested in modeling the arrival and service Discrete (because events such as arrivals and service completions only happen
process at the local McBurger Queen burger joint. once in a while, as opposed to continuously) and Stochastic (because customer
Customers come in every once in a while, stand in line, arrival times, service times, shift changes, etc., are all random)
eventually get served, and off they go. Generally
speaking, what kind of model are we talking about here?
(More than one answer below may be right.)
Which of the following can be regarded as advantages of Simulation enables you to study models too complicated for analytical or
simulation? (More than one answer below may be right.) numerical treatment.
Simulations can serve as very pretty demos.
Simulation can be used to study detailed relations that might be lost in an
analytical or numerical treatment.
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 Yes Harry Markowitz won the 1990 Nobel Prize in Economics for his work in the
computer simulation ever won a Nobel Prize? 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 Inventory and Supply Chain Analysis
found substantial application? (More than one answer Financial Analysis
below may be correct.) Manufacturing
Health Systems
Transportation Systems
Why might simulation be a good tool to analyze supply Supply chains often have complicated network structures, making exact analysis
chains? (More than one answer below may be correct.) 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 Somewhat greater than 1/2. In fact, you only need 23 people in the room to
the probability that at least two of them will have the achieve a probability of 1/2
same birthday?
Inscribe a circle in a unit square and toss 1000 random 3.2 Since the estimate 𝜋̂ = 4 x (proportion in circle). Note that (a) is the University
darts at the square. Suppose that 800 of those darts land of Georgia answer, and is completely incorrect.
in the circle. Using the technology developed in this
lesson, what is the resulting estimate for π ?
TRUE or FALSE? All random number generators perform False In fact, one of the reasons that you're taking this course is to help you learn
pretty much the same. the differences between good and bad generators.
QUESTIONS AND CORRECT ANSWERS
We are interested in modeling the arrival and service Discrete (because events such as arrivals and service completions only happen
process at the local McBurger Queen burger joint. once in a while, as opposed to continuously) and Stochastic (because customer
Customers come in every once in a while, stand in line, arrival times, service times, shift changes, etc., are all random)
eventually get served, and off they go. Generally
speaking, what kind of model are we talking about here?
(More than one answer below may be right.)
Which of the following can be regarded as advantages of Simulation enables you to study models too complicated for analytical or
simulation? (More than one answer below may be right.) numerical treatment.
Simulations can serve as very pretty demos.
Simulation can be used to study detailed relations that might be lost in an
analytical or numerical treatment.
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 Yes Harry Markowitz won the 1990 Nobel Prize in Economics for his work in the
computer simulation ever won a Nobel Prize? 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 Inventory and Supply Chain Analysis
found substantial application? (More than one answer Financial Analysis
below may be correct.) Manufacturing
Health Systems
Transportation Systems
Why might simulation be a good tool to analyze supply Supply chains often have complicated network structures, making exact analysis
chains? (More than one answer below may be correct.) 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 Somewhat greater than 1/2. In fact, you only need 23 people in the room to
the probability that at least two of them will have the achieve a probability of 1/2
same birthday?
Inscribe a circle in a unit square and toss 1000 random 3.2 Since the estimate 𝜋̂ = 4 x (proportion in circle). Note that (a) is the University
darts at the square. Suppose that 800 of those darts land of Georgia answer, and is completely incorrect.
in the circle. Using the technology developed in this
lesson, what is the resulting estimate for π ?
TRUE or FALSE? All random number generators perform False In fact, one of the reasons that you're taking this course is to help you learn
pretty much the same. the differences between good and bad generators.
