Which of the following statements about simulation is FALSE?
A) Since each simulation model is specifically developed to analyze a specific problem,the models,results,or the conclusions cannot be transferred to other problems.
B) Simulation results are generally not more accurate than analytical models.
C) It is a flexible tool and can be quickly adapted as conditions in the problem environment change.
D) Developing complex simulation models can be time-consuming and expensive.
Correct Answer:
Verified
Q5: Which of the following formulae can be
Q6: _ involves testing alternative courses of action
Q7: Which of the following statements about simulation
Q8: _ involves ensuring that the simulation model
Q9: Which of the following steps is part
Q11: _ consists of preparing a detailed report
Q12: For the Monte Carlo simulation results
Q13: _ is the process of ensuring that
Q14: _ is typically achieved through statistical analysis.
A)Model
Q15: Which of the following statements is FALSE
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