Multiple Choice
Which of the following are viewed as advantages of simulation in operations management decision making?
A) A simulation can be used in training courses as though it were a game
B) A significant amount of computer time can be utilized running simulations
C) The technique of simulation requires innovation as it lacks a standardized approach
D) Simulation may be equally precise but less accurate than a mathematical analysis
E) Simulations are inexpensive and easy to set up and run
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Simulation models are classified as discrete if
Q19: What two kinds of probability distributions can
Q20: What is the role of judgment in
Q21: On a good day a distributor will
Q22: What are the major phases of a
Q24: The first step in the major phase
Q25: The run length of a simulation depends
Q26: An empirical probability distribution used in a
Q27: In modeling a simulation random numbers from
Q28: The technique of simulation has made significant