Question: Suppose that while educating a few OM interns about simulation, an instructor at Boeing asks the interns to explain the term 'calibrate. The answers given

Suppose that while educating a few OM interns about simulation, an instructor at Boeing asks the interns to explain the term 'calibrate. The answers given by the interns are listed below. Question: Select the answer that best explains the term calibrate. Calibration is the technical term for running the model. To calibrate a model is to have it approved by management and have it accepted as the official planning tool in the company. To calibrate a model is to change its workings so that it adequately reproduces known (observed) data. Calibration is the process of selecting model input values on the basis of random numbers

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