MSIS 3223 Final Exam Review:
Oklahoma State University - Dr. Ali
Bagheri
What does RAND() return?
A random number between 0 and 1
In the context of simulation, random numbers are numbers that are ________
________ between 0 and 1.
uniformly distributed
Triangular distribution is often used when one can...
reasonably estimate minimum, maximum, and most likely based on managerial
knowledge and judgement.
________ ________ are used in the absence of data and depend on 3 parameters,
minimum, maximum, and most likely.
Triangular distribution
The process of generating random values for uncertain inputs in a model,
computing the output variable of interest, and repeating this process for many
trials to improve the results.
Monte Carlo Simulation
Decision variables that are forced to be integers are called...
, Integer Variables
Many optimization models require _________ __________, which are variables
restricted to being either 0 or 1.
Binary Variables
In an integer linear optimization model some or all of the variables are...
restricted to being whole numbers
A _________ _________ is one for which the left-hand side is equal to the right-
hand side of the constraint at the optimal solution.
Binding Constraint
When a problem is infeasible, Solver will report:
"Solver could not find a feasible solution."
Set of point that satisfy all constraints simultaneously
Feasible Region
The set of feasible solutions is often called the _________ _________.
Feasible Region
Linear programs generally have an infinite number of feasible solutions. T/F
True
Oklahoma State University - Dr. Ali
Bagheri
What does RAND() return?
A random number between 0 and 1
In the context of simulation, random numbers are numbers that are ________
________ between 0 and 1.
uniformly distributed
Triangular distribution is often used when one can...
reasonably estimate minimum, maximum, and most likely based on managerial
knowledge and judgement.
________ ________ are used in the absence of data and depend on 3 parameters,
minimum, maximum, and most likely.
Triangular distribution
The process of generating random values for uncertain inputs in a model,
computing the output variable of interest, and repeating this process for many
trials to improve the results.
Monte Carlo Simulation
Decision variables that are forced to be integers are called...
, Integer Variables
Many optimization models require _________ __________, which are variables
restricted to being either 0 or 1.
Binary Variables
In an integer linear optimization model some or all of the variables are...
restricted to being whole numbers
A _________ _________ is one for which the left-hand side is equal to the right-
hand side of the constraint at the optimal solution.
Binding Constraint
When a problem is infeasible, Solver will report:
"Solver could not find a feasible solution."
Set of point that satisfy all constraints simultaneously
Feasible Region
The set of feasible solutions is often called the _________ _________.
Feasible Region
Linear programs generally have an infinite number of feasible solutions. T/F
True
