Which of the following is true regarding the use of simulation? A) It is always very easy to build a simulation model. B) It is very inexpensive to use a simulation model. C) It always yields optimum solutions. D) It allows time-compression in testing major policy decisions. E) Few constraints, if any, have to be considered.

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Quizplus · Accepted Answer

Simulation allows for testing major policy decisions in a compressed timeframe, allowing for quicker decision-making. However, it is not always easy to build a simulation model, it can be expensive to use, it does not always yield optimum solutions, and constraints must be considered in the model-building process.

Which of the Following Is true Regarding the Use of Simulation