: -Chapter 11, Problem Problem For each of the systems described below, under wh
ID: 3056300 • Letter: #
Question
: -Chapter 11, Problem Problem For each of the systems described below, under what circumstances would it be appropriate to use a terminating simulation versus a steady-state simulation to analyze this system? (a) A walk-in medical clinic simulated to determine staffing levels. (b) A portfolio of stocks, bonds, and derivative securities simulated to estimate long-run return. (c) A fuel injector assembly plant that runs two shifts per day simulated to estimate throughput (d) The United States air traffic control system simulated to evaluate safety Step-by-step solutionExplanation / Answer
A terminating simulation is one in which the simulation starts at a defined state or time and ends when it reaches some other defined state or time
A steady-state simulation is one in which the steady-state behavior of the system is being analyzed. It does not mean that the simulation never ends, nor does it mean that the system being simulated has no eventual termination. It only means that the simulation could theoretically go on indefinitely with no statistical change in behavior.
Using the above definitions, we should have the following simulations:
a) A walk-in medical clinic simulated to determine staffing levels: terminating simualtion (after the staffing levels are determined, the simulation can be stopped)
b) A portfolio of stocks, bonds and derivative securities simulated to estimate long-run return: steady state (the statement mentiones long run)
c) A fuel injector assembly plant that runs two shifts per day simulated to estimate throughput: terminating simulation (since the shifts would get over in some time and because the simulation would stop once the throughput are ascertained)
d) The United States air traffic control system simulated to evaluate safety: steady state (This is an ongoing process for long duration).
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.