ISYE 6644 Simulation Review Questions Module 1 With
100% Correct And Verified Answers
We are interested in modeling the arrival and service process at the local McBurger Queen
burger joint. Customers come in every once in a while, stand in line, 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.) - CORRECT ANSWER✔Discrete (because events such as arrivals
and service completions only happen once in a while, as opposed to continuously) and
Stochastic (because customer arrival times, service times, shift changes, etc., are all random)
Which of the following can be regarded as advantages of simulation? (More than one answer
below may be right.) - CORRECT ANSWER✔Simulation enables you to study models too
complicated for analytical or 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? - CORRECT ANSWER✔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? - CORRECT ANSWER✔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.) - CORRECT ANSWER✔Inventory and Supply Chain
Analysis
Financial Analysis
100% Correct And Verified Answers
We are interested in modeling the arrival and service process at the local McBurger Queen
burger joint. Customers come in every once in a while, stand in line, 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.) - CORRECT ANSWER✔Discrete (because events such as arrivals
and service completions only happen once in a while, as opposed to continuously) and
Stochastic (because customer arrival times, service times, shift changes, etc., are all random)
Which of the following can be regarded as advantages of simulation? (More than one answer
below may be right.) - CORRECT ANSWER✔Simulation enables you to study models too
complicated for analytical or 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? - CORRECT ANSWER✔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? - CORRECT ANSWER✔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.) - CORRECT ANSWER✔Inventory and Supply Chain
Analysis
Financial Analysis
