Question: Put on your critical thinking hat and assume the role of a manager. a . Explain why you might be forced to use simulation instead
Put on your critical thinking hat and assume the role of a manager.
a Explain why you might be forced to use simulation instead of another analytical model when dealing with the problem.
As a manager, I believe simulation models work best in both scenarios. For inventory ordering policy, having a replication of the process of completing inventory will create a lesser opportunity for error
b Discuss how your company could benefit from using simulation in each scenario.
c Explain the advantages and disadvantages of simulation.
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