In general, as the number of probabilistic components of a system increases, the more likely it is that simulation will be the best analysis approach.

Question

Quizplus · Accepted Answer

Simulation is a powerful tool for analyzing systems with multiple probabilistic components. As the number of these components increases, the complexity of the system also increases, making analytical solutions more difficult to obtain. In contrast, simulation allows us to model the system and its components and run many trials to estimate probabilities and outcomes. Therefore, as the number of probabilistic components of a system increases, simulation is more likely to be the best analysis approach.

In General, as the Number of Probabilistic Components of a System