MSCI 224 Techniques for Management Decision Making 2018
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2018 EXAMINATIONS
PARTII (Second,ThirdandFinalYear)
MANAGEMENTSCIENCE
MSCI224 TechniquesforManagementDecisionMaking
PARTA: Answer QuestionA1 inthissectionofthepaper.
Question A1 (25marks)
Inpreparationofthisyear’swinterseason,askiresortisdebatingtoexpanditscurrent
servicestoalsoincludesomeformofsnowcatskiing.Thisgrowingtrendintheinternational skiindustrystartedabout30yearsagoinBritishColumbiaandusesmodernfleetsofskihill groomingmachinestoprovideexpertskierswithaccesstothedeeppowderbackcountry, whichwouldnotbeservedbytraditionalliftsdueto a generallackofdemandbythemajority ofskiers.Basedonapreliminary customer survey tobetterunderstandthe potential useby itscurrentvisitors,theskiresortestimatesthattheaveragenumberofskierstoarriveand queueat a snowcatcollectionpointperminutewillfollowthefollowingdistribution:
No.Skiersin1minute |
0 |
1 |
2 |
3 |
4 |
5 |
Probability |
0.10 |
0.15 |
0.30 |
0.20 |
0.15 |
0.10 |
Basedonitscurrentsnowcatoperations,thetimebetweensnowcatdeparturesfromthe collectionpoint ispredictedto vary accordingtothefollowingdistribution:
No.minutes |
2 |
3 |
4 |
Probability |
0.2 |
0.5 |
0.3 |
Onceskiershavearrivedatthesnowcatcollectionpoint,theywaitinaqueueuntilthefirst snowcatarriveswhichhasroomtotakethem.Eachsnowcathasacapacityfor10people.
(a) Explainhowyouwoulduserandomnumberstomodelthevariabilityinthissituation.
(4 marks)
(b) Carryoutasimulationof10snowcatdeparturesfromthesnowcatcollectionpoint.Start
yoursimulationassumingthatasnowcat hasjustlefttakingalltheskierswhowerewaiting forit.Forthesimulationofthetimebetweenallfollowingsnowcatdepartures,startfromthe firstlineoftherandomnumbertablesandusesingledigits(e.g.,1,8,6,9,…)Similarly,for thesimulationoftheskierswhoarriveandqueue,startfromthesecondlineandusedouble digits(e.g.,90,42,07,45,…).Useyoursimulationtoestimatetheproportionofskierswho are ableor unabletogetonthefirstsnowcattoarriveaftertheyhavestartedwaiting.
(12 marks)
(c)Explainwhatismeantbya“warm-up”or“running-in”periodforasimulation.Howwould youdecidewhetheritisappropriatetousesuchaperiodinthissimulation?
(2 marks)
(d) Identify two ways in which you think your simulation model may oversimplify what happensinanactual skiresortinwhichsnowcatskiingisalreadyoffered.Describehowyou couldmodifyyoursimulationmodeltoincludetheeffectsyouhaveidentified.
(4 marks)
(e)Whatare three potentialadvantagesorbenefitsofusingasimulationmodelofasituation comparedtoexperimentingwiththerealsystem?
(3 marks)
2022-05-25