As simulation is not an analytical model, therefore the result of simulation must be viewed as.
A. Unrealistic
B. Exact
C. Approximation
D. Simplified
Answer: Option C
Solution(By Examveda Team)
As simulation is not an analytical model, therefore the result of simulation must be viewed as approximation. Analytical models are mathematical models that have a closed form solution, i.e. the solution to the equations used to describe changes in a system can be expressed as a mathematical analytic function.This Question Belongs to Management >> Operations Research
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