The use of simulation models is desirable because they can usually be solved in one pass, without incurring the time and cost of iterations.

Question

Quizplus · Accepted Answer

Simulation models involve the use of repeated iterations to account for various scenarios and uncertainties, so they cannot usually be solved in one pass. However, they allow for testing and evaluating different solutions without incurring the costs and risks associated with implementing them in real life.

The Use of Simulation Models Is Desirable Because They Can