Simulation is defined as.
A. A technique that uses computers
B. An approach for reproducing the processes by which events by chance & changes are created in a computer
C. A procedure for testing & experimenting on models to answer what if ___, then so & so ___ types of questions
D. All of the above
Answer: Option D
Solution(By Examveda Team)
Simulation is defined as a technique that uses computers, An approach for reproducing the processes by which events by chance & changes are created in a computer and A procedure for testing & experimenting on models to answer what if ___, then so & so ___ types of questions.This Question Belongs to Management >> Operations Research
A. Is possible when the variables value is known
B. Reduces the scope of judgement & intuition known with certainty in decision-making
C. Require the use of computer software
D. None of the above
A. Must be deterministic
B. Requires computer aid for its solution
C. Represents data in numerical form
D. All of the above
A physical model is example of.
A. An iconic model
B. An analogue model
C. A verbal model
D. A mathematical model
The qualitative approach to decision analysis relies on.
A. Experience
B. Judgement
C. Intuition
D. All of the above
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