Bidding for contracts is an example of which category of simulation model application?
A) operations models
B) financial models
C) marketing models
D) games of chance
E) none of these choices

Question

Quizplus · Accepted Answer

Bidding for contracts involves analyzing operational factors such as production capabilities, costs, and timelines, which falls under the category of operations models.

Bidding for Contracts Is an Example of Which Category of Simulation