An advantage of simulation as opposed to optimization is that
A) Several options of measure of performance can be examined
B) Complex real-life problems can be studied
C) It is applicable in cases where there is an element of randomness in a system
D) All of the above
Correct Answer:
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Q13: The first-order Markov chain is generally used
Q14: A problem is classified as Markov chain
Q15: The transition matrix elements remain positive from
Q16: Markov analysis is useful for:
A) Predicting the
Q17: Which of the following is not one
Q19: The purpose of using simulation technique is
Q20: As simulation is not an analytical model,
Q21: While assigning random numbers in Monte Carlo
Q22: Analytical results are taken into consideration before
Q23: Biased random sampling is made from among
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