Why might a manager be forced to use simulation instead of an analytical model in dealing with
Question:
Why might a manager be forced to use simulation instead of an analytical model in dealing with a problem of
(a) Inventory ordering policy?
(b) Ships docking in a port to unload?
(c) Bank teller service windows?
(d) The U.S. economy?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
a I nventory ordering policy May require simulation if lead time and dai...View the full answer
Answered By
WAHIDUL HAQUE
hello,
I'm a professional academic solution provider working as a freelance academic solution provider since 7 years. I have completed numerous projects. Help lots of students to get good marks in their exams and quizzes. I can provide any type of academic help to your homework, classwork etc, if you are a student of Accounting, Finance, Economics, Statistics. I believe in satisfying client by my work quality, rather than making one-time profit. I charge reasonable so that we make good long term relationship. why will you choose me? i am an extremely passionate, boldly honest, ethically driven and pro-active contractor that holds each of my clients in high regards throughout all my business relations. in addition, I'll always make sure that I'm giving my 100% better in every work that will be entrusted to me to be able to produce an outcome that will meet my client's standards. so if you are a student that is now reading my profile and considering me for your academic help. please feel free to look through my working history, feedback and contact me if you see or read something that interests you. I appreciate your time and consideration.
regards
4.90+
233+ Reviews
368+ Question Solved
Related Book For
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
Question Posted:
Students also viewed these Statistics questions
-
Why might a manger be forced to use simulation instead of an analytical model in dealing with a problem of: (a) Inventory order policy? (b) Ships docking in a port to unload? (c) Bank-teller service...
-
Why might a manager prefer that budgeted rather than actual cost-allocation rates be used for costs being allocated to his or her department from another department?
-
Why might a manager accept a high-variance, low-value project instead of a low-variance, high-value project?
-
Create the Control Panel interface that has the following 3 methods: public int warningLevel (); public String status (); public boolean isok (); Write 2 public static methods 1) Write a public...
-
Twenty kilograms of air at 30 8C and a humidity of 90% enter a window air-conditioning unit each minute, illustrated in Fig. 11.31. The air leaves the air conditioner at 18 8C with a humidity of 40%....
-
Pluto Technology Venture (PTV) is an unincorporated joint venture with three current owners. A few other prospective owners are awaiting an opportunity to invest in PTV. PTV was organized three...
-
Which invention attributed to van Leeuwenhoek had a pronounced influence on the creation of the sciences of cytology, bacteriology, and pathology?
-
Wallace Corporation summarizes the following information from its weekly payroll records during April. Prepare the two journal entries to record the payment of the payroll and the accrual of its...
-
An asset manager enters into a one-year equity swap in which he will receive the return on the Nasdaq 100 Index in return for paying a floating interest rate. The swap calls for quarterly payments....
-
The Largeco pension fund aggregates its entire portfolio every month across all asset classes and computes its net returns, Ri. Exhibit 4-7 displays these monthly returns for one year, along with the...
-
What are the advantages and limitations of simulation models?
-
What types of management problems can be solved more easily by quantitative analysis techniques other than simulation?
-
Trans Phone Repairs began operations on 1 December 2024 and completed the following transactions during the first month. 1. Jeremy Tran deposited \($15\)000 of his personal funds in a current account...
-
Two objects of differing temperatures are held so that they are in thermal contact with each other. Which situation best describes the scenario? a) hot object transfers heat to cold object/cold...
-
A 500 Ohm, 200 Ohm, and 300 Ohm resistors are all in series and connected to 100 V power supply. What is the potential difference across the 200 Ohm resistor? a) 30 V b) 50 V c) 20 V d) 100 V What...
-
Ice at 0C with a mass of 200 g is tossed into a pot of boiling water. The boiling water is at 100C and has a mass of 1 kg. What is the final temperature of the water after the ice melts? (Lf= 3.33 x...
-
3. Determine the interest rate on a $2500 investment if the future value after 5 years is $4000 and the interest is compounded monthly. Round your answer to the nearest tenth of a percent.
-
An electron moves with an unknown velocity through a magnetic field of 1.56 T that points directly east. The electron experiences a force of 6.24 x 10^-15 N directly south. What is the magnitude and...
-
As was mentioned in Section 22.3, one approach to defeating the tiny fragment attack is to enforce a minimum length of the transport header that must be contained in the first fragment of an IP...
-
Classify each of the following activities as proper or prohibited under the various consumer statutes you have studied. a. Calling a hospital room to talk to a debtor who is a patient there. b....
-
What is the proper way to make changes to a written health record?
-
Calculate the reliability of the followingsystem. 0.85 0.85 0.85 0.85 0.85
-
A broadcasting station has five major subsystems that must all be operational before a show can go on the air. If each subsystem has the same reliability, what reliability would be required to be 95%...
-
A broadcasting station has five major subsystems that must all be operational before a show can go on the air. If each subsystem has the same reliability, what reliability would be required to be 95%...
-
Chang Company provided the following data for this year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory...
-
ces On January 1, 2024, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2025. Expenditures on the...
-
Primare Corporation provided the following data for last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied...
Study smarter with the SolutionInn App