Simulation is used for several reasons, including
A) model development is a fast process
B) it is inexpensive
C) the models are usually simple
D) it can handle large and complex real-world problems
E) it always generates optimal solutions

Question

Quizplus · Accepted Answer

Simulation is particularly useful for solving large and complex real-world problems, as traditional analytical methods may not be feasible or practical. While model development can be a relatively speedy process, it may also require significant resources and expertise. Additionally, simulation models can be quite complex and include many different variables and interacting systems, which can make it difficult to determine optimal solutions. Therefore, while simulation can be a powerful tool, it is not always a simple, inexpensive, or guaranteed solution.

Simulation Is Used for Several Reasons, Including