Simulation of a business or process is generally performed by building a mathematical model to represent the process or system.
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Q12: Simulation models are designed to generate optimal
Q13: Simulation is very flexible.Thus, its solutions and
Q14: Simulation can use any probability distribution that
Q15: One disadvantage of simulation is that it
Q16: A flow diagram is helpful in the
Q18: If we are using a Monte Carlo
Q19: The Monte Carlo simulation is used with
Q20: If, in a simple queuing or waiting
Q21: Operational gaming refers to simulation involving two
Q22: When establishing a probability distribution based on
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