ISYE 6644 Simulation Review
Questions and Answers 100% correct
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.) - 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.) - 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.
YES or NO? Has anyone closely related to the field of computer simulation ever won a
Nobel Prize? - 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.
Who is William Gosset? - ANSWER-He invented the t distribution that is used
ubiquitously in statistics.
Which of the following are areas where simulation has found substantial application?
(More than one answer below may be correct.) - ANSWER-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.) - ANSWER-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 customers to a barber shop show up at times 4 and 11. Moreover, suppose
that it takes the barber 12 minutes to serve customer 1 and then 14 minutes to serve
Questions and Answers 100% correct
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.) - 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.) - 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.
YES or NO? Has anyone closely related to the field of computer simulation ever won a
Nobel Prize? - 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.
Who is William Gosset? - ANSWER-He invented the t distribution that is used
ubiquitously in statistics.
Which of the following are areas where simulation has found substantial application?
(More than one answer below may be correct.) - ANSWER-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.) - ANSWER-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 customers to a barber shop show up at times 4 and 11. Moreover, suppose
that it takes the barber 12 minutes to serve customer 1 and then 14 minutes to serve
