Test Bank - Practical Management Science 6th Edition (Winston, 2018)
TEST BANK
Practical Management Science
Wayne L.Winston, S.Christian Albright
6th Edition
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
Table of Contents
Chapter 1: Introduction to Modeling
Chapter 2: Introduction to Spreadsheet Modeling
Chapter 3: Introduction to Optimization Modeling
Chapter 4: Linear Programming Models
Chapter 5: Network Models
Chapter 6: Optimization Models with Integer Variables
Chapter 7: Nonlinear Optimization Models
Chapter 8: Evolutionary Solver: An Alternative Optimization Procedure
Chapter 9: Decision Making under Uncertainty
Chapter 10: Introduction to Simulation Modeling
Chapter 11: Simulation Models
Chapter 12: Queueing Models
Chapter 13: Regression and Forecasting Models
Chapter 14: Data Mining
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
Chapter 1: Introduction to Modeling
True / False
1. Models that suggest a desirable course of action are called descriptive models
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.1 Introduction
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
2. In modeling situations where it is not possible to write an equation for an output in terms of the inputs,
there may still be a mathematical procedure for calculating outputs from inputs.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.1 Introduction
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
3. In a descriptive model, the manager first wants to build a model that reflects the current situation.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
Page 2
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 4 Model Verification
OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
4. One of the advantages of spreadsheet models is that they allow managers to ask what-if questions.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.2 A Capital Budgeting Example - An Optimization Model
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
5. One of the arguments that management science practitioners have used to criticize the emphasis on
specific models is that they do not provide the correct answer.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.3 Modeling Versus Models
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
6. The overall modeling process typically done in practice always requires seven steps: define the
problem, collect and summarize data, develop a model, verify the model, select one or more suitable
Page 3
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
decisions, present the results to the organization, and finally implement the model and update it through
time.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.1 Introduction
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
7. Modeling is a process where the essence of a theoretical problem is extracted into a model, spreadsheet
or otherwise.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 1 Problem Definition
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
8. In some applications, an analyst might present several alternative solutions from a model, and let the
organization choose the best one.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
Page 4
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 3 Model Development
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
9. A management science model is typically initiated when an organization believes it has a problem.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 4 Model Verification
OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
10. Data are often not in the required form, in which case it is the analysts' job to gather the right data and
put it into an appropriate format.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 3 Model Development
OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
11. A good model should achieve the right balance between being too simple and too complex.
a. True
b. False
ANSWER: True
Page 5
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 4 Model Verification
OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
12. Verification is typically the most difficult phase of the modeling process, from a mathematical
perspective.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 5 Optimization and Decision Making
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
13. As models become larger and more complex, heuristic solutions are often adequate, even though they
are not necessarily optimal solutions.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 7 Model Implementation
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
Page 6
TEST BANK
Practical Management Science
Wayne L.Winston, S.Christian Albright
6th Edition
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
Table of Contents
Chapter 1: Introduction to Modeling
Chapter 2: Introduction to Spreadsheet Modeling
Chapter 3: Introduction to Optimization Modeling
Chapter 4: Linear Programming Models
Chapter 5: Network Models
Chapter 6: Optimization Models with Integer Variables
Chapter 7: Nonlinear Optimization Models
Chapter 8: Evolutionary Solver: An Alternative Optimization Procedure
Chapter 9: Decision Making under Uncertainty
Chapter 10: Introduction to Simulation Modeling
Chapter 11: Simulation Models
Chapter 12: Queueing Models
Chapter 13: Regression and Forecasting Models
Chapter 14: Data Mining
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
Chapter 1: Introduction to Modeling
True / False
1. Models that suggest a desirable course of action are called descriptive models
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.1 Introduction
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
2. In modeling situations where it is not possible to write an equation for an output in terms of the inputs,
there may still be a mathematical procedure for calculating outputs from inputs.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.1 Introduction
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
3. In a descriptive model, the manager first wants to build a model that reflects the current situation.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
Page 2
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 4 Model Verification
OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
4. One of the advantages of spreadsheet models is that they allow managers to ask what-if questions.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.2 A Capital Budgeting Example - An Optimization Model
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
5. One of the arguments that management science practitioners have used to criticize the emphasis on
specific models is that they do not provide the correct answer.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.3 Modeling Versus Models
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
6. The overall modeling process typically done in practice always requires seven steps: define the
problem, collect and summarize data, develop a model, verify the model, select one or more suitable
Page 3
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
decisions, present the results to the organization, and finally implement the model and update it through
time.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.1 Introduction
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
7. Modeling is a process where the essence of a theoretical problem is extracted into a model, spreadsheet
or otherwise.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 1 Problem Definition
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
8. In some applications, an analyst might present several alternative solutions from a model, and let the
organization choose the best one.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
Page 4
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 3 Model Development
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
9. A management science model is typically initiated when an organization believes it has a problem.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 4 Model Verification
OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
10. Data are often not in the required form, in which case it is the analysts' job to gather the right data and
put it into an appropriate format.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 3 Model Development
OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
11. A good model should achieve the right balance between being too simple and too complex.
a. True
b. False
ANSWER: True
Page 5
, Test Bank - Practical Management Science 6th Edition (Winston, 2018)
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 4 Model Verification
OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
12. Verification is typically the most difficult phase of the modeling process, from a mathematical
perspective.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
Easy |Bloom's Knowledge
Easy |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 5 Optimization and Decision Making
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
13. As models become larger and more complex, heuristic solutions are often adequate, even though they
are not necessarily optimal solutions.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 7 Model Implementation
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
Page 6
