ISYE 6644 SIMULATION |QUESTIONS & ANSWERS VERIFIED
SOLUTIONS 100%|GRADE A+|LATEST 2024/2025
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.) - ✔✔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.) - ✔✔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? - ✔✔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? - ✔✔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.) - ✔✔Inventory and
Supply Chain Analysis
SOLUTIONS 100%|GRADE A+|LATEST 2024/2025
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.) - ✔✔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.) - ✔✔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? - ✔✔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? - ✔✔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.) - ✔✔Inventory and
Supply Chain Analysis
