100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Simulation Course (S7) Unit Module 1 Quizzes Questions_ Answered $2.99
Add to cart

Exam (elaborations)

Simulation Course (S7) Unit Module 1 Quizzes Questions_ Answered

 0 purchase

Simulation Course (S7) Unit Module 1 Quizzes Questions_ Answered

Preview 1 out of 4  pages

  • July 3, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (4)
avatar-seller
sylvianthiwa
Simulation-Module 1

1. high level representations of the operation of a real world process or sys-tem:
Models
2. Changes every once in a while at discrete points in time (e.g. customer
arrivals): Discrete Models
3. Constantly changes (e.g. the weather): Continuous Models
4. Uses probability and statistics: Stochastic Models
5. Changes: Dynamic Models
6. Is the same repeatedly: Static Models
7. Discrete vs. Continuous, Stochastic vs. Deterministic, Dynamic vs. Static: -
Model Opposites
8. Analytic Methods (1st preferred)
Numerical Methods (if analytic methods don't work)
Simulation Methods (If other methods don't work): Solving a Model
9. Like solving an equation; gives an answer; fairly easy approach - e.g. stoneoff of a
cliff: Analytic Methods
10. Solves a problem without a closed form solution; e.g. modeling weather: -
Numerical Methods
11. General approach; for problems too complicated for other methods; mod-els with
randomness: Simulation Methods
12. Imitation of a real-world process or system over time; generation of arti-ficial
history to draw inferences about operating characteristics of the real system
represented: Simulation
13. Top 3 IE/Operation research/management science technologies
Used by academics and practitioners on a wide array of theoretical/applied
problems
indispensable problem-solving methodology: Simulation is
14. Describe/analyze real/conceptual system behaviorAsk
what-if questions
Aid in system design, optimization
simulate almost anything: Simulation is good for
15. Customer-based systems
Manufacturing processes Supply
Chains Health Systems
Systems with no "customers" e.g. stock prices: What can be simulated
16. Will system accomplish its goals?
Current system won't accomplish goals. Now what?Need
incremental improvement
Create specification or action plan
Solve a problem, like a bottleneck
1/4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller sylvianthiwa. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62774 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$2.99
  • (0)
Add to cart
Added