PLEASE ANSWER ALL OR NONE QUE STION 6 Deterministic and probabil stic models are

Question

PLEASE ANSWER ALL OR NONE

QUE STION 6 Deterministic and probabil stic models are two types ofmodels O A. Simulation o B. Conceptual o C data acquisition o D. Problem formulation QUE STION 7 Raw data does not impact simulation. Data input into simulation) True False QUESTION 8 Simulation is a method of dynamic trial and error analysis of a phenomenon over time. o A conceptual o B. perpetual o C. deterministic D. Synthetic QUESTION 9 The method consist of selecting values of lead time and demand on a random basis. A. Penodic inventoryS O B. conceptual Simulation o D. Monte Carlo Simulation QUESTION 10 Length of a simulation run does impact accuracy o False

Explanation / Answer

6. C. Data Acquisition models

The deterministic and probabilistic models are statistical models based on data and real world situations.

7. False

Raw data if used may have issues in deciphering data properly hence processed data improves the efficiency of the models.

8. A. Conceptual

It is generally a conceptual model based on the real world system.

9. A. Periodic inventoy simulation

Unlike the perpetual simulation method, periodic inventory simulation is based on the periodic entry of records and cost of goods Sold as well.

10. True

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