Question: List the advantages and disadvantages of simulation
List the advantages and disadvantages of simulation.
Answer to relevant QuestionsList and describe the types of simulation.Describe the features of VIS (i.e., VIM) that make it attractive for decision makers.What are the advantages of using a spreadsheet package to perform simulation studies? What are the disadvantages?Besides the hotel business in the hospitality industry, explain at least three other areas where an optimization model could be used.Describe how ES perform inference.
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