Question: The idea behind simulation is to a . imitate a real - world situation. b . study the properties and operating characteristics of areal -

The idea behind simulation is to
a. imitate a real-world situation.
b. study the properties and operating characteristics of areal-world situation.
c. draw conclusions and make action decisions based onsimulation results.
d. all of the above.
The idea behind simulation is to a. imitate a real-world situation.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The Operations Manager of Toshiba's laptop manufacturing plant is about to prepare her annual report to the Board of Directors. Using the table below, she outlined the performance of the plant based...

Q:

2. How do you call someone who is responsible for the production, marketing and profitability of a cleaning product in one of the worldwide production facilities of Lysol? (A) General Manager (B)...

Q:

The idea behind simulation is threefold: ( 1 ) to imitate a real - world situation mathematically, ( 2 ) then to study its properties and operating characteristics, and ( 3 ) finally to draw...

Q:

Questions 1 through 3 reference the following problem Selina has her own business, a nail salon that she runs out of her home. She is the only nail technician but serves many clients in one day. The...

Q:

The idea behind simulation is to imitate a real - world situation. study the properties and operating characteristics of areal - world situation. draw conclusions and make action decisions based...

Q:

The threefold idea behind simulation includes all EXCEPT which of the following? Part 2 A . Eliminate all uncertainties from a real - world situation. B . Draw conclusions and make action decisions...

Q:

I would highly appreciate your kind answers to the questions includedin the attached case study which was provided by my financial accouting professor. thank you. ISSUES IN ACCOUNTING EDUCATION Vol....

Q:

Please help me to write a summary for attached article (about 900 words) Accounting Horizons Vol. 22, No. 4 2008 pp. 453-470 American Accounting Association DOI: 10.2308/acch.2008.22.4.453 On the...

Q:

Please read the question Question: On pages 5 and 6 the authors write, "Narrative provides not only meaning but also a mental framework for imbuing future experiences and information with meaning, in...

Q:

Chapter 2 User-Centered Systems Design: A Brief History Abstract The intention of this book is to help you think about design from a user-centered perspective. Our aim is to help you understand what...

Q:

The Qualitative Report Volume 10 Number 4 December 2005 758-770 http://www.nova.edu/ssss/QR/QR10-4/krauss.pdf Research Paradigms and Meaning Making: A Primer Steven Eric Krauss Universiti Putra,...

Q:

Explain how the lean thinking concept could be applied to inventory management.

Q:

All ownerso or more are required to personaly guarantee an SBA loan. 4 0 percent 2 0 percent 3 5 percent 3 0 percent

Q:

Free cash flow valuation You are evaluating the potential purchase of a small business with no debt or preferred stock that is currently generating $ 4 2 , 7 0 0 of free cash flow ( F C F 0 = $ 4 2 ,...