SOLVED

11) Which of the following is TRUE regarding the use of simulation? A) It is always very easy to build a simulation model. B) It may interfere with real-world systems. C) It always yields optimal solutions. D) It allows time-compression in testing major policy decisions. E) Few constraints, if any, have to be considered. 12) Simulation is used for several reasons, including which of the following? A) Model development is a fast process. B) The models can usually be solved by hand. C) The models are usually simple. D) It can handle large and complex real-world problems. E) It always generates optimal solutions. 13) One of the advantages of simulation is that: A) managers must generate all of the conditions and constraints for solutions that they want to examine. B) it always generates a more accurate solution than a mathematical solution would. C) the policy changes may be tried without disturbing the real-life system. D) model development is less time consuming than for mathematical models. E) model solutions are transferable to a wide variety of problems. 14) One of the disadvantages of simulation is that it: A) does not allow for very complex problem solutions. B) is not very flexible. C) is a repetitive approach that may produce different solutions in different runs. D) is very limited in the type of probability distributions that can be used. E) interferes with the production systems while the program is being run. 15) The effects of operations management policies over many months or years can be obtained by computer simulation in a short time. What is this phenomenon called? A) time suppression B) time suspension C) time compression D) time inversion E) time conversion 16) One of the disadvantages of simulation is that it: A) does not allow for very complex problem solutions. B) is not very flexible. C) may be very time-consuming to develop. D) is very limited in the type of probability distributions that can be used. E) interferes with the production system while the program is being run. 17) One of the disadvantages of simulation is that it: A) does not allow for very complex problem solutions. B) produces solutions and inferences that are not usually transferable to other problems. C) time compression may occur. D) is very limited in the type of probability distributions that can be used. E) interferes with the production system while the program is being run. 18) One of the advantages of simulation is that: A) real-world complications can be included that most OM models cannot permit. B) it always generates a more accurate solution than a mathematical model does. C) it is a repetitive approach that may produce different solutions in repeated runs. D) model development is less time consuming than for mathematical models. E) model solutions are transferable to a wide variety of problems. 19) “Time compression” and the ability to pose “what-if?” questions are elements of: A) setting up a probability distribution for important variables. B) the disadvantages of simulation. C) physical simulations but not mathematical simulations. D) the advantages of simulation. E) the broad threefold idea of simulation. 20) The effects of OM policies over many months or years can be obtained by computer simulation in a short time. This phenomenon is referred to as ________. 21) What are the advantages and disadvantages of simulation models? 22) Explain what is meant by the concept of “time compression” in simulation modeling.