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S-MATH311LA BSA32 1st Sem ( 2022-2023 )

Enabling Assessment 5

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Question 1
Using the PortaCom Problem, how much is the direct labor cost per unit if the generated probability is 0.9089? $
_____

Response: 47

Question 2
Using the PortaCom Problem, how much is the parts cost per unit if the generated probability is 0.3004? $ _____

Note: round answer to the nearest whole number

Response: 86

Question 3
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Using the PortaCom Problem, how much is the first-year demand if the generated probability is 0.0648? $ _____
units

Note: round answer to the nearest whole number and do not use comma

Response: 8179

Question 4
Using the PortaCom Problem, how much is the direct labor cost per unit if the generated probability is 0.9353 ? $
_____

Response: 47

Question 5
Using the PortaCom Problem, how much is the first-year demand if the generated probability is 0.0066? $ _____
units

Note: round answer to the nearest whole number and do not use comma

Response: 3848

Question 6
In the What-If analysis, the _____ scenario refers to the best estimate of the parameters and probabilistic inputs.

Response: base-case

Question 7
The values that are constants are referred to as _____ in the risk analysis and simulation model

Response: parameters

Question 8
A what-if analysis involves generating values for the probabilistic inputs and computing the resulting value for the
_____.

Response: output

Question 9
Using the PortaCom Problem, how much is the parts cost per unit if the generated probability is 0.0586? $ _____

Note: round answer to the nearest whole number

Response: 81

Question 10
Values that are not known with certainty are considered as _____ inputs in the risk analysis and simulation model

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Response: probabilistic

Question 11
Simulation is a process of perform risk analysis by playing out many _____ scenarios by randomly generating
values for the probabilistic inputs.

Response: what-if

Question 12
Using the PortaCom Problem, complete the 1st simulation trial.

Net Profit
Trial Direct Labor Cost/Unit (dollars) Parts Cost/Unit (dollars) Demand (units)
(dollars)
1 46 81 14740 _____

Note: round answer to the nearest whole number and do not use comma

Response: 798280

Question 13
_____ is the process of predicting the outcome of a decision in the face of uncertainty which helps the decision
maker recognize the difference between the expected value of a decision alternative and the payoff that may actually
occur.

Response: risk analysis

Question 14
Using the PortaCom Problem, how much is the parts cost per unit if the generated probability is 0.9512? $ _____

Note: round answer to the nearest whole number

Response: 99

Question 15
Using the PortaCom Problem, complete the 1st simulation trial.

Trial Direct Labor Cost/Unit (dollars) Parts Cost/Unit (dollars) Demand (units) Net Profit (dollars)
1 46 83 14886 _____

Note: round answer to the nearest whole number and do not use comma

Response: 786320

Question 16

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Using the PortaCom Problem, how much is the direct labor cost per unit if the generated probability is 0.8762? $
_____

Response: 46

Question 17
Using the PortaCom Problem, how much is the first-year demand if the generated probability is 0.9021? $ _____
units

Note: round answer to the nearest whole number and do not use comma

Response: 20821

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