SVKM’s NMIMS MUKESH PATEL SCHOOL OF TECHNOLOGY MANAGEMENT & ENGINEERING Programme: MBA. Tech (All Streams) Year: V Semester: X Academic Year: 2015-2016 Subject : Simulation Modeling Date : 13/05/2016 Instruction: Candidates should read carefully the instructions printed on the question paper and on the cover of the Answer Book, which is provided for their use. NB: 1) Question No. 1 is compulsory. 2) Out of remaining questions, attempt any 4 questions. 3) Inall 5 questions to be attempted. : 4) All questions carry equal marks. 5) Answer to each new question to be started on a fresh page. 6) Figures in brackets on the right hand side indicate full marks. 7) Assume Suitable data if necessary Ql 12 Marks (Each sub-question in Question | carries 4 marks) 1 (i) What are the advantages of Spreadsheet Simulation Model? 1 (ii)List out any 6 areas in Corporate Finance where Simulation can be used effectively. Elaborate situations when simulation tool is not appropriate to be used Q.2 What are the steps / phases in any simulation study? Use a flow diagram to explain each point. 12 Marks Q. 3 Explain Sensitivity Analysis in Simulation and what strategies can be followed for the same? 12 Marks, Q. 4 While simulating, what are the types of Portfolio Management that we come across? 12 Marks Page 1of3Q. 5 What is the meaning of Goals and Objectives within Project Management? What is the difference between Goals and Objectives? 12 Marks Q. 6 What are some of the components in simulation that are common to almost all models in Java? 12 Marks Q.7— Attempt all 6 (each carries 2 marks) 12 Marks (i) Simulation model and analysis can be time consuming, hence best results are obtained by skimping on resources. True or False? Gi) Simulation is of the operation of real-world process or system over time. {@) imitation (b) generation (©) production (@) assumption (iii) When a system is affected by changes that are occurring outside the system, itis said to ‘occur in: (a) The system (b) The system environment (©) The continuous system (@) The application system (iv) Provide an example where simulation is used in semiconductor manufacturing, Page 2 of 3(v) Measuring project performance and progression with respect to the project management plan is enabled by: (a) Project Planning (b) Project Control (©) Project Closeout (vi) Which of the below best describes a Random Number Generator (RNG)? (a) It is a randomly generated quantity in the unit interval between 0 and 1 (b) It is randomly generated quantity with a specified statistical distribution (©) It is a method for generating a sequence of random numbers Page 3 of 3