Simulation methods are very good at evaluating decisions when
A)the paths are decision dependent.
B)the decision rules are simple.
C)there are different forms of uncertainty.
D)implicit solutions are needed for analysis.

Question

Quizplus · Accepted Answer

Simulation methods are particularly useful for evaluating decisions in the presence of different forms of uncertainty, such as variability and/or risk. In complex decision contexts where decision rules are not necessarily simple or where implicit solutions are needed, simulation methods can still be used, but may need to be combined with other approaches.

Simulation Methods Are Very Good at Evaluating Decisions When