Question: (a) Briefly explain basic concepts of simulation model and its application in business. (b) What are the most common measures of system performance in a

(a) Briefly explain basic concepts of simulation model and its application in business. (b) What are the most common measures of system performance in a queuing analysis? (c) In what kinds of situations is queuing analysis appropriate? (d) What approaches do Supermarkets use to offset variations in customer traffic intensity

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