Which of the following is typically not an application of simulation models?
A)Operations models
B)Financial models
C)Marketing models
D)Value of information models

Question

Quizplus · Accepted Answer

Simulation models are widely used in operations, financial, and marketing models to predict outcomes, optimize processes, and evaluate strategies. However, the value of information models is not typically an application of simulation models. These models are more about assessing the worth of information in decision-making processes rather than simulating real-world processes or systems.

Which of the Following Is Typically Not an Application of Simulation