Methods of Analysis for Business Operations Unit VII Assessment: Compare and contrast the advantages and disadvantages of conducting simulations Custom Paper

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MSL 5080, Methods of Analysis for Business Operations Unit VII Assessment

Question 1: Compare and contrast the advantages and disadvantages of conducting simulations.

Question 2: Consider a single-server queuing system with Poisson arrivals of 10 units per hour and a constant service time of 2 minutes per unit. How long will the customer waiting time be in seconds, on average? Describe your answer in full.
Reading Assignment
Chapter 13: Waiting Lines and Queuing Theory Models
Chapter 14: Simulation Modeling
Render, B., Stair, R. M., Jr., & Hanna, M. E. (2012). Quantitative Analysis for management (11th ed.). Upper Saddle River, NJ: Prentice Hall.
Written Responses:
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Note : after each answer (Q1 & Q2 ) there must have source / references in APA format.

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