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Author Question: One of the advantages of simulation is that (Read 74 times)

Bernana

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Question 1

One of the advantages of simulation is that
◦ it is much less expensive than a mathematical solution.
◦ it always generates a more accurate solution than a mathematical solution.
◦ model solutions are transferable to a wide variety of problems.
◦ model development is less time consuming than for mathematical models.
◦ it can study the interactive effects of individual components or variables.

Question 2

One of the advantages of simulation is that
◦ it is a trial-and-error approach that may produce different solutions in repeated runs.
◦ real-world complications can be included that most OM models cannot permit.
◦ it always generates a more accurate solution than a mathematical solution.
◦ model solutions are transferable to a wide variety of problems.
◦ model development is less time consuming than for mathematical models.


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Marked as best answer by Bernana on Dec 3, 2019

aliotak

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Bernana

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Reply 2 on: Dec 3, 2019
Great answer, keep it coming :)


sultansheikh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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