Problem formulation Setting of objectives and overall project plan Model conceptualization Data collection Model translation No Verified? Validated? Yes Experimental design Production runs and analysis 10 More runs Documentation and retina Figure 3 Steps in a simulation study U Lun JLS ULLW 015 UL LAGU SLLP5. Give your rationale. 3. A simulation of a major traffic intersection is to be conducted, with the objective of improving the current traffic flow. Provide three iterations, in increasing order of complexity, of steps 1 and 2 in the simulation process of Figure 3