Which of the following statements regarding simulation is true?
A) Simulation can be physical or mathematical.
B) Simulation has numerous areas of application in operations.
C) Simulation attempts to duplicate a real system.
D) Monte Carlo simulation is a chance-based mathematical model of a real system.
E) All of these are true.

Question

Quizplus · Accepted Answer

All of the statements are true. Simulation can be physical or mathematical, has various applications in operations, attempts to duplicate a real system, and Monte Carlo simulation is a chance-based mathematical model of a real system. Therefore, option E is the right choice.

Which of the Following Statements Regarding Simulation Is True