Author Question: One of the advantages of simulation is that (Read 38 times)

Bernana · **on:** Dec 3, 2019

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.

aliotak · **Reply #1 on:** Dec 3, 2019

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