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Author Question: One of the advantages of simulation is that (Read 25 times)

robinn137

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on: Dec 3, 2019

Question 1

Simulation is used for several reasons, including
◦ it always generates optimal solutions.
◦ it can handle large and complex real-world problems.
◦ the models are usually simple.
◦ model development is a fast process.
◦ it is inexpensive.

Question 2

One of the advantages of simulation is that
◦ model development is less time consuming than for mathematical models.
◦ the policy changes may be tried out without disturbing the real-life system.
◦ it always generates a more accurate solution than a mathematical solution.
◦ model solutions are transferable to a wide variety of problems.
◦ it is much less expensive than a mathematical solution.
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Marked as best answer by robinn137 on Dec 3, 2019

nital

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Reply #1 on: Dec 3, 2019
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robinn137

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Reply 2 on: Dec 3, 2019
Wow, this really help

TheNamesImani

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

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