Replicating a model about 20 times is adequate for the simulation results to be valid and useful.

Question

Quizplus · Accepted Answer

The adequacy of replicating a model depends on various factors such as the complexity of the model, the level of accuracy required, the purpose of the simulation, and the variability in the input data. In some cases, replicating a model around 20 times may be sufficient, while in other cases, a larger number of replications may be necessary to ensure valid and useful simulation results.

Replicating a Model About 20 Times Is Adequate for the Simulation