Describe the necessity of computers in conducting a real world simulation in operations
Q: Determine the explanation for the simulation's effects to vary from run to run.
A: The following explains why the simulation outcomes vary from run to run:
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Q: What is the process for achieving steady state results in a simulation?
A: If left unstimulated, and insufficient state framework may become dormant. For illustration reasons,…
Q: Define the difference between the simulated average demand and expected average demand in…
A: To be determined : The difference between the simulated average demand and expected average demand…
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Q: What are the 7 steps to performed in simulation to analyze the problem?
A: Simulation is a paradigm that can be used in operations and mimics real-world processes. Random…
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Q: Explain why Simulation is widely used technique in organzations
A: To be determined : why Simulation is widely used technique in organzations
Q: Determine the concept of Monte Carlo simulation and the steps to take after performing Monte Carlo…
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Q: Develop a linear programming model that will enable HTS to allocate technician time between regular…
A: 1. Let R=time allocated to regular customer service, N=time allocated to new customer service.
Q: Establishing the Simulation Model
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Q: What methods are used to analyze time in a simulation model? How do they work?
A: Answer as follows:
Q: Distinguish between Discrete-Event and Continuous Simulation?
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Q: example of discrete event simulation problem related to purchasing into a warehouse . any examples…
A: Discrete event simulation (DES) is a strategy for reproducing the conduct and execution of genuine…
Q: Describe the seven steps to perform using simulation to analyse the problem ?
A: Simulation is a model that can be used in operations to replicate the behavior of the real process.…
Q: Two difficulties that might be described using simulation models
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Q: Explain what does the simulation technique involves
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A:
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Q: Management of High Tech Services (HTS) would like to develop a model that will help allocate its…
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Q: Explain how steady state results achieved in a simulation
A: Without external stimulation, an ineffective state framework may remain dormant. For illustration…
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Q: What are the many types of applications for computer-aided design and system simulation?
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Q: Determine why simulation is such a common technique.
A: The below are the reasons for using the simulation techniques:
Q: Consider an E2/M/1/4 model with the arrival rate of 3 jobs per hour and a service rate of 4 jobs per…
A:
Describe the necessity of computers in conducting a real world simulation in operations ?
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- Explain how steady state results achieved in a simulation?You work for a small shipping company and warehouse. The owners have decided to update the software used for tracking, shipping, receiving, and inventory. Fifteen computers need to be updated. Hours of operation are 7 a.m. to 7 p.m. Monday through Saturday. Each computer must be updated manually by one of two trained employees, both of whom must be borrowed from other managers. The update procedure consumes 4 hours of the updater's time and generates an additional 1.5 hours of computer downtime. The work must be performed at a central loading station, away from the current location of the computer. How does the project portfolio management approach lead to enhanced strategic management for an organization and give an example how you woulduse this in a work place?State the process to check the accuracy of the simulation model in operations management ?
- Explain what does the simulation technique involves ?What is the role of simulation techniques, such as Monte Carlo simulation, in system modeling, and provide real-world applications.Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. 1.Objectives 2 Risk identification 3 Risk evaluation 4 Risk control 5 Risk financing 6 Programme monitoring and administration
- Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. explain the risk management process by describing each stage and how it applies to Alt Energy. 1.Objectives Indicate the importance of setting objectives and apply it to Alt Energy. 2 Risk IdentificationAaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. The report should follow the following format: 1. Introduction 2. Risk 2.1 Risk defined 2.2 Systemic and Systematic risks 3. Risk Management 3.1 Reasons why risk management would be important to Alt Energy 3.2 Researched example of another company that did not manage their risks 4. The risk management process 4.1 Objectives 4.2 Risk identification 4.3 Risk evaluation 4.4 Risk control 4.5 Risk financing 4.6…Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management. Provide a researched example of another South African company in the same industry that did not management their risk. This example should be comprehensive and confirm the importance of risk management. It is important that you draw similarities with Alt Energy and conclusions from your research.
- A production line is a set of sequential operations established in a factory plant where components are assembled to make a finished product or where materials are put through a refining process to produce an end-product that is suitable for onward consumption. Ford have seven production lines in their manufacturing plant for their automotive parts where each production line produces 120, 100, 80, 116, 77, 94, 112 output per day. (a) As the Production Manager at Ford, you are required to submit the daily report of the production plant. Calculate the mean, median, and mode from the data based on the output that has been provided. (b) Also calculate the three critical parameters for measuring spread in the following ways: Range Variance Standard DeviationA firm is considering the installation of an automatic data processing unit to handle some of its accounting operations. Machines for that purpose may be purchased for 20,000 or may beleased for 8,000 for the first year and 1,000 less every year now and then until the end of the fourth year. If money is worth 15%, is it advisable to rent or buy a machine?How do non-linear system models differ from linear models, and what are the challenges associated with analyzing and controlling them?