hoose the best answer choice to identify the benefit(s) of simulation. a. Simulation can lead to greater comprehension of the behavior of a real-world system. b. Simuulation can permit compression of years of hit-or miss experimenting with a business process into just a few short moments of computer time. c. Simulaation can help us answer ‘what-if’ questions. d. Simulattion can allow us to explore the implications of uncertainty in processes. e. All of the above (i.e., a, b, c, and d are potential advantages of simulation.).

hoose the best answer choice to identify the benefit(s) of simulation. a. Simulation can lead to greater comprehension of the behavior of a real-world system. b. Simuulation can permit compression of years of hit-or miss experimenting with a business process into just a few short moments of computer time. c. Simulaation can help us answer ‘what-if’ questions. d. Simulattion can allow us to explore the implications of uncertainty in processes. e. All of the above (i.e., a, b, c, and d are potential advantages of simulation.).

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section: Chapter Questions

Problem 50P: Big Hit Video must determine how many copies of a new video to purchase. Assume that the companys...

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Which of the following statements is true regarding the advantages of using simulations? a. Its methodology can be used to model and learn about the behavior of complex systems. b. Simulations do not guarantee an optimal solution. c. Simulation models can be used to describe systems without requiring the assumptions often required by mathematical models. d. All of these are correct.
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We can define big data as * The collection of data from and about everything internal to the organization. The collection of data from and about O everything internal and external to the organization. The collection and interpretation of an organization's internal and external data to attain its business objectives besides enhancing customer service. O None of the mentioned options
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O d. They do selective business functions Mr. Rashid is a farmer. He grows a variety of vegetables. He also runs a vegetable shop where he sells his farm grown vegetables directly to customers. Based on this information, which of the following option is correct? O a. Mr. Rashid is in the farming and retailing business O b. Mr. Rashid s in the mining and retailing business c. Mr. Rashid is in the farming and wholesale business O d. Mr. Rashid is in the mining and manufacturing business lenovo
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