Which technique is used to imitate an operation prior to actual performance ?
A. Simulation
B. Integrated Production Models
C. Inventory Control
D. Game Theory
Answer: Option A
Solution(By Examveda Team)
Simulation technique is used to imitate an operation prior to actual performance. A simulation technique uses a probability experiment to mimic a real-life situation. Instead of studying the actual situation, which might be too costly, too dangerous, or too time-consuming, scientists and researchers create a similar situation but one that is less expensive, less dangerous, or less time-consuming.Related Questions on 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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