The wider the variation among results produced by using different sets of random numbers, the longer we need to run the simulation to obtain reliable results.
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Q1: Simulation models are limited to using standard
Q2: If, for a simple queuing or waiting
Q3: Simulation models are useful for economic order
Q4: Simulation that is used with queuing models
Q6: Simulation models may contain both deterministic and
Q7: A major advantage of using simulation techniques
Q8: The probability of selecting any random number
Q9: The advantage of simulation over queuing or
Q10: The four disadvantages of simulation are cost,
Q11: One of the major advantages of simulation
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