What are the advantages of using a spreadsheet package to perform simulation studies? What are the disadvantages?
Answer to relevant QuestionsCompare the methodology of simulation to Simon’s four-phase model of decision making. Does the methodology of simulation map directly into Simon’s model? Explain.1. What are the characteristics of an agent-based simulation model?2. List the various factors that were fed into the agent-based simulation model described in the case.3. Elaborate on the benefits of using agent-based ...Explain why we need ES.Why do we need to incorporate uncertainty in ES solutions?What kind of mistakes might ES make and why? Why is it easier to correct mistakes in ES than in conventional computer programs?
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