The Manager of a Branch Bank Wants to Build a Simulation

question 52

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 customers arriving at any point of time is an example of a(n) :

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

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Definitions:

Void

A term used to describe something that is not legally enforceable.

Automated Banking System

A digital platform that performs banking transactions electronically without the need for direct human intervention, enhancing efficiency and accessibility.

Calculations

Mathematical processes used to determine the result or solution to a problem.

Surplus

An amount of something left over when requirements have been met; an excess of production or supply over demand.