Question: B . Mark the statements true ( T ) or false ( F ) . 1 0 0 . 5 = 5 1 1 .
B Mark the statements true T or false F
Verification is the process of determining whether a simulation model is an accurate representation of the system
A model is valid for one purpose.
Entities represent customers, parts, messages, paperwork, airplane, etc.
Predator and prey model is an example of Discrete simulation.
EOQ is the size of order for which the cost of maintaining inventories is minimum.
Inventory Management involves process, procedures, and infrastructure to maintain inventory at desired level.
A model can only be an approximation.
Ordering Cost is the Cost of keeping an item in the stock.
If the server is idle, then the Queue size is one.
A model describes the mathematical relationship between the input and the output.
Marks
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