Which of the Following Is not an Application of Simulation

question 92

Multiple Choice

Which of the following is not an application of simulation in the area of operations?

• A) personnel scheduling
• B) truck dispatching
• C) plant (or facility) layout
• D) inventory management using EOQ principles
• E) inventory planning and control

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Definitions:

Real Estate Agent

A licensed professional who arranges transactions between buyers and sellers of real estate properties.

Confidence Level

The probability, expressed as a percentage, that a parameter lies within a specified range of values, as calculated by a confidence interval.

Confidence Interval

An interval of values based on sample data, expected to encompass the value of a parameter of an unobserved population.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.