Multiple Choice
Which of the following statements is INCORRECT regarding the advantages of simulation?
A) Simulation is relatively easy to explain and understand.
B) Simulation guarantees an optimal solution.
C) Simulation models are flexible.
D) A simulation model provides a convenient experimental laboratory for the real system.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: For the past 50 days, daily sales
Q20: The drying rate in an industrial process
Q21: Attendees at the National Management Science Society
Q23: Estimates of the financial information for a
Q25: Each simulation run provides only a sample
Q25: In comparing different policies using simulation, one
Q26: Computer-generated random numbers are normally distributed.
Q27: How are both analysts and managers involved
Q29: Computer-generated random numbers are normally distributed over
Q31: Simulation is an excellent technique to use