Chapter 13 Part 1 - Chapter 13 Simulation Background Simulation is one of the most frequently employed management science techniques It is

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Chapter 13 Simulation
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Background Simulation is one of the most frequently employed management science techniques. It is typically used to model random processes that are too complex to be solved by analytical methods.
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Advantages Simulation is relatively straightforward and flexible. Simulation can be used to analyze large and complex real-world situations that cannot be solved by conventional operations management models.
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Advantages Simulation allows for the inclusion of real-world complications that most models cannot permit. Simulation can use any probability distribution that the user defines; it does not require standard distributions.
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Advantages Simulations do not interfere with the real- world system. It may be too disruptive, for example, actually to experiment with new policies or ideas in a hospital, school, or manufacturing plant. Simulation allows us to study the interactive effect of individual components or variables in order to determine which ones are important.
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Advantages “Time Compression” is possible with simulation. The effects of policies over many months or years can be obtained by computer simulation in a short time. Simulation allows “what-if” types of
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This note was uploaded on 12/13/2011 for the course BUAD 346 taught by Professor Staff during the Fall '08 term at University of Delaware.

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Chapter 13 Part 1 - Chapter 13 Simulation Background Simulation is one of the most frequently employed management science techniques It is

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