Compare and contrast what-if analysis and goal seeking.
Answer to relevant QuestionsExcel is probably the most popular spreadsheet software for PCs. Why? What can we do with this package that makes it so attractive for modeling efforts?1. Besides reducing the risk of overpaying or underpaying suppliers, what are some other benefits AA would derive from its “should be” model?2. Can you think of other domains besides air transportation where such a model ...Describe the major genetic algorithm operators.Define visual simulation and compare it to conventional simulation.What are the advantages of using a spreadsheet package to perform simulation studies? What are the disadvantages?
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