MSIS 3223 - CH 12 & 13 QUIZ WITH
COMPLETE SOLUTIONS
T/F: as Monte Carlo simulation is essentially statistical sampling, the larger the number
of trials used, the more precise the results. - Correct Answers -True
T/F: Uniform or triangular distributions are used in the absence of data. - Correct
Answers -True
T/F: Risk analysis seeks to examine the impact of uncertain inputs on various outputs. -
Correct Answers -True
T/F: In the context of simulation, random numbers are numbers that are uniformly
distributed between 0 and 9. - Correct Answers -False
T/F: A value randomly generated from a specified probability distribution is called a
random variate. - Correct Answers –True
proportional relationships are often found in problems involving mixtures or blends of
materials or strategies - Correct Answers -true
balance constrains essentially state that input = output and ensure that the flow of
material or money is accounted for at locations or between time periods - Correct
Answers -true
T/F: in predictive modelling, verification refers to hw well a model represents reality -
Correct Answers -false
T/F: a constraint function is a function of the decision variables in the problem - Correct
Answers -True
T/F: any solution that satisfies all constraints of a problem is called a feasible solution -
Correct Answers -True
a binding constraint is one for which the Cell Value is greater than the right-hand side of
the value of the constraint - Correct Answers -False
infeasible problems can occur when the demand requirement is higher than the
available capacity - Correct Answers -true
COMPLETE SOLUTIONS
T/F: as Monte Carlo simulation is essentially statistical sampling, the larger the number
of trials used, the more precise the results. - Correct Answers -True
T/F: Uniform or triangular distributions are used in the absence of data. - Correct
Answers -True
T/F: Risk analysis seeks to examine the impact of uncertain inputs on various outputs. -
Correct Answers -True
T/F: In the context of simulation, random numbers are numbers that are uniformly
distributed between 0 and 9. - Correct Answers -False
T/F: A value randomly generated from a specified probability distribution is called a
random variate. - Correct Answers –True
proportional relationships are often found in problems involving mixtures or blends of
materials or strategies - Correct Answers -true
balance constrains essentially state that input = output and ensure that the flow of
material or money is accounted for at locations or between time periods - Correct
Answers -true
T/F: in predictive modelling, verification refers to hw well a model represents reality -
Correct Answers -false
T/F: a constraint function is a function of the decision variables in the problem - Correct
Answers -True
T/F: any solution that satisfies all constraints of a problem is called a feasible solution -
Correct Answers -True
a binding constraint is one for which the Cell Value is greater than the right-hand side of
the value of the constraint - Correct Answers -False
infeasible problems can occur when the demand requirement is higher than the
available capacity - Correct Answers -true
