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| 1 | |
The category(ies) of distribution that can be used for simulation is(are): |
| | A) | Empirical frequency distributions |
| | B) | Standard mathematical distributions |
| | C) | Skewed distributions |
| | D) | A and B |
| | E) | B and C |
| | F) | A, B, and C |
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| 2 | |
Which of the following approaches can be used to overcome the bias due to initial starting values?
- Discarding data generated during the early parts of the run
- Selecting starting conditions that reduce the duration of the warm-up period
- Selecting starting conditions that eliminate bias
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| | A) | I only |
| | B) | II only |
| | C) | III only |
| | D) | I and II |
| | E) | II and III |
| | F) | I, II, and III |
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| 3 | |
@RISK is an add-in program that works with Microsoft Excel and has the capability of adding many useful simulated-related functions to the spreadsheet. |
| | A) | True |
| | B) | False |
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| 4 | |
Desirable features of simulation software include which of the following capabilities?
- Interactive
- User-friendly
- Macro functions
- Animation
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| | A) | I only |
| | B) | I and II only |
| | C) | I, II, and III only |
| | D) | II, III, and IV only |
| | E) | I, II, III, and IV |
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| 5 | |
All of the following are advantages of simulation EXCEPT: |
| | A) | Better understanding of the real system |
| | B) | Time compression |
| | C) | More realistic replication of a system than mathematical analysis |
| | D) | Answers what-if questions |
| | E) | Consistency of models of the same system developed by different |
| | F) | individuals |
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| 6 | |
All of the following are disadvantages of simulation EXCEPT: |
| | A) | No guarantee that the model will provide a good answer |
| | B) | No way to prove that a simulation's model performance is completely reliable |
| | C) | Simulation may be difficult to develop |
| | D) | Required special training to become proficient |
| | E) | Disrupts ongoing activities of the real system |
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