One of the advantages of simulation is that:
A) managers must generate all of the conditions and constraints for solutions that they want to examine.
B) it always generates a more accurate solution than a mathematical solution would.
C) the policy changes may be tried without disturbing the real-life system.
D) model development is less time consuming than for mathematical models.
E) model solutions are transferable to a wide variety of problems.

Question

Quizplus · Accepted Answer

Simulation allows policy changes to be tested without affecting the real system, which is a significant advantage. Option A is incorrect because managers do not have to create all of the constraints and conditions since they can utilize existing data. Option B is incorrect because there is no guarantee that a simulation will be more accurate than a mathematical solution. Option D is incorrect because model development can be just as time-consuming, if not more so, than mathematical models. Option E is incorrect because model solutions are usually specific to the problem being solved and may not be transferable to other problems.

One of the Advantages of Simulation Is That