Answer to Question 1
c
RATIONALE: In general, ASP searches for optimal values of the decision variables by iteratively adjusting the values of the decision variables. Solving a simulation optimization model can be very computationally expensive and take a long time. Furthermore, ASP cannot guarantee an optimal solution to a simulation optimization model.
Answer to Question 2
b
RATIONALE: According to the central limit theorem, the sum of independent random variables can be approximated by a normal probability distribution.