The Manager of a Branch Bank Wants to Build a Simulation

question 27

Multiple Choice

The manager of a branch bank wants to build a simulation model of the lobby operation to reduce the waiting time of her customers. The number of tellers is an example of:

• A) a decision variable.
• B) an uncontrollable variable.
• C) a time-compressed variable.
• D) a dependent variable.

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Definitions:

Externally Imposed Goals

Objectives or targets set by outside entities, such as regulators or parent companies, that an organization needs to achieve.

Supervisors

Individuals in a position of authority responsible for overseeing the work of others and ensuring tasks are completed effectively.

Adequately Supported

Refers to having sufficient resources, information, and encouragement to effectively complete tasks or achieve goals.

Vicarious Modelling

A process in psychological and behavioral theory where individuals learn new behaviors or skills by observing others, without direct personal experience.