Firms Should Use Simulation for Evaluating Decisions When

Multiple Choice

Firms should use simulation for evaluating decisions when

A) underlying decision trees are simple and explicit solutions for the underlying decision tree are difficult to obtain.
B) underlying decision trees are very complex and explicit solutions for the underlying decision tree are difficult to obtain.
C) underlying decision trees are simple and explicit solutions for the underlying decision tree are easy to obtain.
D) underlying decision trees are very complex and explicit solutions for the underlying decision tree are easy to obtain.