In addition to management decision-making games and model validation,discrete-event simulation can be used for what other purpose?
A)Cost evaluation
B)Model selection
C)Company comparisons
D)Process design
E)All of these options

Question

Quizplus · Accepted Answer

Discrete-event simulation can be used for process design purposes, where it helps to identify bottlenecks, optimize resource allocation, and improve the overall efficiency of a process. While it can be applied to other areas such as cost evaluation, model selection, and company comparisons, its primary focus is on modeling and analyzing processes. Therefore, option D is the best choice.

In Addition to Management Decision-Making Games and Model Validation,discrete-Event Simulation