Question

Question 4 - Which Microsoft Excel tool can be used to develop linear programming solutions?

Select XML expansion pack as your answer	XML expansion pack
Select Security macro as your answer	Security macro
Select Solver module as your answer	Solver module
Select Data analysis as your answer	Data analysis
Select The lookup wizard as your answer	The lookup wizard

Question 6 - Which term describes the additional amount a company will make if one more unit of a constrained resource is added?

Select Sensitivity value as your answer	Sensitivity value
Select Binding as your answer	Binding
Select Slack as your answer	Slack
Select Shadow price as your answer	Shadow price
Select Final value as your answer	Final value

Question 7 - In addition to decision-making games and model validation, discrete-event simulation can be used for what other purpose?

Select Cost evaluation as your answer	Cost evaluation
Select Model selection as your answer	Model selection
Select Company comparisons as your answer	Company comparisons
Select Process design as your answer	Process design
Select All of these options as your answer	All of these options

Question 8 - Which of the following is not a common application of a simulation?

Select Processing time for a banking facility. as your answer	Processing time for a banking facility.
Select Determining effective deployment of expensive resources. as your answer	Determining effective deployment of expensive resources.
Select Determining the flow of raw materials in a factory. as your answer	Determining the flow of raw materials in a factory.
Select Determining economic order quantity for inventory. as your answer	Determining economic order quantity for inventory.
Select Customer arrivals at a service location. as your answer	Customer arrivals at a service location.

Question 10 - What is the advantage of using spreadsheet-based simulation models?

Select The extensive amount of programming required as your answer	The extensive amount of programming required
Select The cost of the spreadsheet software as your answer	The cost of the spreadsheet software
Select The long length of time to run the simulation as your answer	The long length of time to run the simulation
Select The long length of time to develop the models as your answer	The long length of time to develop the models
Select All are advantages of using spreadsheet-based models as your answer	All are advantages of using spreadsheet-based models

Answer 1

Question 4 : Which Microsoft Excel tool can be used to develop linear programming solutions?

Answer: Solver module

In Microsoft excel, the solver module has the features which help to solve a formulated linear programming problem by entering necessary inputs of objective fuction and constraints

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Other questions have to be posted separately since they are not sub-parts