Simulation models can be broken down into which of the following three categories?
A)Monte Carlo, queuing, and inventory
B)queuing, inventory, and maintenance policy
C)Monte Carlo, operational gaming, systems simulation
D)inventory, systems simulation, and operational gaming

Question

Quizplus · Accepted Answer

Simulation models can be categorized into Monte Carlo simulations, which use random sampling to understand the impact of risk and uncertainty in prediction and modeling; operational gaming, which involves simulations where participants make decisions in a replicated real-world system; and systems simulation, which models complex interactions within systems to study their behavior under various scenarios.

Simulation Models Can Be Broken Down into Which of the Following