[Solved] If we are going to simulate an inventory problem, we must

McqMate

Q.	If we are going to simulate an inventory problem, we must
A.	Run the simulation for many days.
B.	Run the simulation for many days many times, i.e., using multiple sets of random numbers.
C.	Run the simulation many times, i.e., using multiple sets of random numbers.
D.	Run the simulation once, for a relative short period of time.
Answer» B. Run the simulation for many days many times, i.e., using multiple sets of random numbers.

1.8k

0

Do you find this helpful?

4

View all MCQs in

Decision Science

Discussion

No comments yet

Related MCQs

To simulate is to try to __________ the features, appearance, and characteristics of a real system.
When total supply is equal to total demand in a transportation problem, the problem is said to be
An assignment problem is considered as a particular case of a transportation problem because
Maximization assignment problem is transformed into a minimization problem by
An assignment problem is a special case of transportation problem, where
The probability of going from state 1 in period 2 to state 4 in period 3 is
Occasionally, a state is entered which will not allow going to another state in the future. This is called
A point that satisfies all of a problem's constraints simultaneously is a(n)
The first step in formulating an LP problem is
LP theory states that the optimal solution to any problem will lie at