Justifications for using computer simulation models

Assignment Help Operation Management

Reference no: EM131791496

1. The following are justifications for using computer simulation models to aid in decision making, EXCEPT:

a. models increase consumer dissatisfaction since the new idea has only been tested through a simulation model.

b. it can be difficult to predict outcomes in complex, real-world operating environments because of the effects of chance.

c. testing proposed new operating procedures in an actual operation is often expensive, complicated, and risky.

d. models allow managers to evaluate multiple operations designs and perform what-if types of analyses.

e. models allow the user to try out different strategies or alternatives without actually implementing them in practice.

2. Systematic capacity planning includes the following steps EXCEPT:

a. estimating future capacity requirements.

b. identifying capacity gaps.

c. developing alternative strategies for addressing gaps.

d. selecting the strategy which minimizes the associated costs.

e. choosing appropriate alternatives.

3. Qualitative forecasting methods are used when:

a. no quantitative data are available.

b. historical data is available.

c. the forecast time horizon is short term.

d. the forecast time horizon is long term.

e. the relationships between variables is known.

Reference no: EM131791496

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