Operations Management: Sustainability and Supply Chain Management (12th Edition)
12th Edition
ISBN: 9780134130422
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter F, Problem 10DQ
Summary Introduction
To determine: The advantages of using special-purpose languages.
Introduction: Simulation is the process that can be used in the operations, which would imitate the real-world process. Simulation process uses random sampling for the generation of realistic variability.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
5. (Scenario Based Question) Your response to Diego's Message via Monzo In-App
Chat O Diego is a Spanish national who wants to open a Monzo account. They have
started a chat with us in the app after their sign up has been rejected due to entering
an overseas address. "I'm moving to the UK to study in 2 weeks. I need to open this
account now so that I can receive payments from family in the UK and set bills up for
when I arrive. If you can't do that, l'll be completely stuck with no money when T
arrive!"
(Write your response to the customer as if you were a COp at Monzo talking to Diego
on our In-App Chat, for example "Hi Diego...").
See all of the information you need to write your answer to this question here
With respect to the federal political contributions tax credit, which of the following statements is correct?
Question 11 options: Contributions made to any registered political party are eligible for the credit.
Contributions made to a candidate at the time of a federal general election are eligible.
The credit is equal to 29 percent of the eligible contributions made.
There is no upper limit to the amount of the credit that can be claimed, as long as the contributions are made within the legal limits governing campaign contributions.
Question 9
Listen
You have a bag of 10 marbles. Two marbles are red, three marbles are white,
and five marbles are black. Using the multiplication rule for dependent and in-
dependent events, what are the probabilities for the following events?
**HINT**
Order matters
With replacement
n'
Without replacement
n!
(n-r)!
Order doesn't matter
(+)-
(n+r-1)!
(n-1)!!
(c)--
111(115)
Draw two red marbles
without replacement.
Draw a red marble and
then a black marble
without replacement.
Draw a white marble
and then a black marble
with replacement.
Draw two black marbles
with replacement.
a.
b.
45
C.
3
20
d.
4
Chapter F Solutions
Operations Management: Sustainability and Supply Chain Management (12th Edition)
Ch. F - Question: 1 State the seven steps, beginning with...Ch. F - Question: 2. List the advantages of simulation.Ch. F - Prob. 3DQCh. F - Question: 4. Explain the difference between...Ch. F - Question: 5. What is the role of random numbers in...Ch. F - Prob. 6DQCh. F - Question: 7. What is Monte Carlo simulation? What...Ch. F - Question: 8. List six ways that simulation can be...Ch. F - Question: 9. Why is simulation such a widely used...Ch. F - Prob. 10DQ
Ch. F - Prob. 11DQCh. F - Prob. 12DQCh. F - Prob. 13DQCh. F - Prob. 1PCh. F - Prob. 2PCh. F - Prob. 3PCh. F - Prob. 4PCh. F - Question F.5 Arnold Palmer Hospital is studying...Ch. F - Prob. 6PCh. F - Question: F.7 A warehouse manager at Mary Beth...Ch. F - Prob. 8PCh. F - Question: F.10 The number of cars arriving at...Ch. F - Prob. 10PCh. F - Prob. 11PCh. F - Question: F.14 Refer to the data in Solved...Ch. F - Prob. 16PCh. F - Prob. 17PCh. F - Question: F.15 Connecticut Tanning has two...Ch. F - Prob. 19PCh. F - Prob. 20PCh. F - Prob. 21PCh. F - Prob. 1CSCh. F - Prob. 2CS
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- 3. (Scenario Based Question) Your response to Nicole's Phone Call & "Hi, my name is Nicole and I need your help urgently! I saw a puppy on Facebook which I saw advertised through a mutual friend. The seller asked me to pay £3000 upfront to hold the puppy, which I was ok with as I have done my research and the breeder said they had a KC Registered certificate. So I have sent the breeder £3000 via bank transfer last week. I was meant to pick up the puppy today and when I checked the breeders address on Facebook they no longer exist! (**crying**) I can't pay for my bills or buy food for the kids because this was the last of my money this month. (**angry**) You and Monzo need to protect me against scams like this! I want to raise a complaint to get all my money back straight away!" (Write your response to the customer as if you were a COp at Monzo who had just picked up a call from Nicole, for example "Hi Nicole...")arrow_forwardA decision-making tool that involves breaking down a complex problem into smaller, more manageable parts is called _______ analysis. Question 5 options: problem-solving accounting cost-benefit analysis decompositionarrow_forwardKerrigan Corporation announced on November 1, 2021 that company's CEO has been terminated and that James McCabe will become the company's new CEO. Kerrigan has had decreasing income over the last several of years. McCabe will be responsible for improving Kerrigan's future performance. What earnings management technique will the company probably utilize as a result of hiring a new CEO? Question 31 options: a) Accelerating future period expenses into the current period b) Accelerate current period revenues into future periods c) Big Bath d) Increase cookie jar reservesarrow_forward
- Question 9 Imagine that the total number of entries on a Product Page on Nike's website is 5000, The total number of bounces (or 1-page views) for that product page is 100. The total number of views for that product page is 10000. The total number of exits from that page is 500. What is the bounce rate for this product page? 1% O 5% 10% 20% O 2% Question 10 Imagine that the total number of entries on a Product Page on Nike's website is 5000. The total number of bounces (or 1-page views) for that product page is 100. The total number of views for that product page is 10000. The total number of exits from that page is 500. What is the exit rate for this product page? 20% 1% 10% 2% 5% Question 11 Bonus Question Which of the following ents is true? For a webpage. All bounces are exits All visits/views are bounces All entrances are bounces All visits/views are entrances O All exits are bouncesarrow_forwardQuestion 5 In the context of account classification, which of the following is a benefit of single-factor analysis? O It employs a matrix system. O It is used for goal setting. It requires no data manipulation. O It provides equal weightage to all categories of accounts. O It uses statistical analysis.arrow_forwardQuestion content area Part 1 Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for his new line of keyboards. As the suppliers all reside in a location prone to hurricanes, tornadoes, flooding, and earthquakes, Phillip believes that the probability in any year of a "super-event" that might shut down all suppliers at the same time at least 2 weeks is 3%. Such a total shutdown would cost the company approximately $480,000. He estimates the "unique-event" risk for any of the suppliers to be 5%. Assuming that the marginal cost of managing an additional supplier is $14,800 per year, how many suppliers should Witt Input Devices use? Assume that up to three nearly identical local suppliers are available. Part 2 Find the EMV for alternatives using 1, 2, or 3 suppliers. EMV(1)=$________ (Enter your response rounded to the nearest whole number.) Part 3 EMV(2)=$________ (Enter your response rounded to the nearest whole…arrow_forward
- Question 3arrow_forwardQuestion 30 Sandy Smith, vice president of marketing for a large consumer products company, will soon travel to Colombia to spearhead an effort to increase her company's presence there. Sandy is concerned about her safety and has contacted a risk- assessment service for advice. Which of the following is most likely to assist Sandy in keeping a low profile? Dressing like the locals whenever possible and avoiding expensive jewelry Participating in public demonstrations attended by large local crowds Streamlining financial transactions by paying for expenses with large denominations Maintaining the ability to cover unexpected expenses by carrying a large amount of casharrow_forwardHypothesis statements for the thesis on "Evaluating the importance of risk management mechanism in the banking sector from a customer's perspective"arrow_forward
- Question content area top Part 1 At the time of her grandson's birth, a grandmother deposits $ 11 comma 000$11,000 in an account that pays 6 %6% compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period? LOADING... Click the icon to view some finance formulas. Part 1 The value of the account will be $enter your response here. (Round to the nearest dollar as needed.)arrow_forwardQuestion 1: The following data are available about the returns of two stocks and market portfolio: Economic State Probability Stock A (%) Stock B (%) Market portfolio (%) Deep Recession 0.05 -3 -2 -13 Mild Recession 0.20 6 9 1 Average 0.50 11 12 15 Mild Boom 0.20 14 15 29 Strong Boom 0.05 19 26 43 Table 1 You are required to: a) Compute the expected return for stocks A and B b) Compute the standard deviation for stocks A and B. Which stock is riskier? c) Compute the expected return of a portfolio that comprises of 70% stock A and 30% stock B d) Compute the standard deviation of returns for the market portfolio e) Which, among stocks A, B and the market is riskier? Respond in light of your computationsarrow_forwardQuestion 2: According to the CFA Code of Ethics, analysts should "have a reasonable and adequate basis, supported by appropriate research and investigation, for any investment analysis, recommendation, or action." Briefly explain the type of research that will provide a reasonable and adequate basis for investment analysis and recommendations. (Draw upon our classes in forming your answer).arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY