Which of the following represents the primary reason simulation cannot be used for the classic EOQ model?
A)too many parameters involved
B)too many decision variables
C)EOQ models are probabilistic.
D)EOQ models are deterministic.

Question

Quizplus · Accepted Answer

The primary reason simulation cannot be used for the classic EOQ model is that EOQ models are deterministic, meaning that there are no random variables involved. Simulation is typically used for probabilistic models where random variables are present. Therefore, simulation is not applicable to the deterministic EOQ model.

Which of the Following Represents the Primary Reason Simulation Cannot