Which of the following are viewed as advantages of simulation in operations management decision making?
A) A simulation can be used in training courses as though it were a game
B) A significant amount of computer time can be utilized running simulations
C) The technique of simulation requires innovation as it lacks a standardized approach
D) Simulation may be equally precise but less accurate than a mathematical analysis
E) Simulations are inexpensive and easy to set up and run
Correct Answer:
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