Special simulation languages are useful because they.
A. Reduce programme preparation time & cost
B. Have the capability to generate random variables
C. Require no prior programming knowledge
D. All of the above
Answer: Option D
Solution(By Examveda Team)
Special simulation languages are useful because they Reduce programme preparation time & cost, have the capability to generate random variables and require no prior programming knowledge.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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