Which of the following statements is/are true regarding a simulation model?
A) It makes decision-making easier.
B) It explicitly incorporates uncertainty in one or more input variables.
C) It does not require any best guesses.
D) All of these statements are true.

Question

Quizplus · Accepted Answer

The statement that is true regarding a simulation model is that it explicitly incorporates uncertainty in one or more input variables. While simulation models can aid in decision-making, they may not necessarily make it easier. Additionally, simulation models often require best guesses for input variables, which are then tested through the simulation process.

Which of the Following Statements Is/are True Regarding a Simulation