True regarding simulation

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Reference no: EM132261767

1. Which of the following is true regarding simulation?

A. Simulation can only be done by computer.

B. Monte Carlo simulation requires the use of random numbers.

C. Simulation models are inexpensive.

D. If an analytical model can't solve a problem, neither can a simulation.

E. All of the above are true.

2. One of the disadvantages of simulation is that it

A. cannot study the interactive effects of individual components or variables.

B. does not allow for very complex problem solutions.

C. interferes with the production systems while the program is being run.

D. produces solutions and inferences that are not usually transferable to other problems.

E. is very limited in the type of probability distribution that can be used.

3. Transportation rate charged per pound or per unit is determined by the distance, weight and product being shipped. Of the three, which has the largest impact on the transportation rate?

A. weight

B. distance

C. product

4. Which of the following modes of transportation is most likely to be affected by severe weather?

A. Air

B. Pipeline

C. Train

Reference no: EM132261767

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