Question: List the advantages of simulation
List the advantages of simulation.
Answer to relevant QuestionsList the disadvantages of simulation.Why might a manger be forced to use simulation instead of an analytical model in dealing with a problem of:(a) Inventory order policy?(b) Ships docking in a port to unload?(c) Bank-teller service windows?(d) The U.S. economy?A warehouse manager at Mary Beth Marrs Corp. needs to simulate die demand placed on a product that does not fit standard models. The concept being measured is “demand during lead time,” where both lead time and daily ...Erin Davis owns and operates one of the largest Mercedes-Benz auto dealerships in Nebraska. In the past 36 months, her sales have ranged from a low of 6 new cars to a high of 12 new cars, as reflected in the following table: ...Give an example of a situation in which project management is needed.
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