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
E)None of the above

Question

Quizplus · Accepted Answer

EOQ models are deterministic, meaning they do not involve probabilistic variables or uncertain outcomes. Simulation is typically used when there is uncertainty or probabilistic variables involved, making it less applicable for deterministic models.

Which of the Following Represents the Primary Reason Simulation Cannot