What are the main disadvantages of simulation?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Quantitative Analysis For Management

ISBN: 213168

12th Edition

Authors: Barry Render ,Ralph M. Stair ,Michael E. Hanna

See More Books

Question Posted: Feb 25, 2024 01:01 AM

See More Questions

can someone solve this Modern workstations typically have memory systems that incorporate two or three levels of caching. Explain why they are designed like this. [4 marks] In order to investigate...
) Explain the collision detection mechanism applied in standard wired medium access control associated with CSMA and indicate why this might be unsuitable for wireless networks. [2 marks] (ii)...
) Consider integer division of one two's-complement binary number by another. Programming languages may vary in the result when one argument is negative. What differing conventions might they be...
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. 6i 3 - 4i 5
Joe's Confectionary puts together two prepackaged assortments to be given to trick-or-treaters on Halloween. Assortment A contains 2 candy bars and 2 suckers and yields a profit of 40 cents....
The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Total Dirt Bikes Mountain Bikes...
Name the various subsidiary books.
What principle(s) from the conceptual framework does Hen day Limited use in each of the following situations? (a) Henday includes the activities of its subsidiaries in its financial statements. (b)...
Angela Corporation (a private company) acquired all of the outstanding voting stock of Eddy Tech, Inc., on January 1, 2021, in exchange for $9,750,000 in cash. At the acquisition date, Eddy Tech's...
What are the basis of and the prerequisites for every Monte Carlo simulation model? Explain and illustrate its rationale.
Explain. Simulations do not interfere with the realworld system. This is one of the reasons for their popularity.
Shaffner Corporation produces three products, Alpha, Beta, and Gamma. Alpha and Gamma are joint products; Beta is a by-product of Alpha. No joint cost is to be allocated to the by-product. The...
D manufacturing Company uses a process cost system. In the second department, Department X, spoiled units occur when units are 70% complete. Direct Materials are added at the end of the process....
This week, I read Pat Friman's 2021 article, "There Is no Such Thing As a Bad Boy: The Circumstances View of Problem Behavior," on adopting The Circumstances View when working with clients. In this...
Download the labour force statistic for Australia from the ABS website here. Use the data to answer the following questions only. You do not have to analyze the data. Show proof when you make...
Split Corporation manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales values of the products at the split-off point....
A television show conducted an experiment to study what happens when buttered toast is dropped on the floor. When 44 buttered slices of toast were dropped, 28 of them landed with the buttered side up...
A two-stage air compressor has an intercooler between the two stages as shown in Fig. P11.77. The inlet state is 100 kPa, 290 K, and the final exit pressure is 1.6 MPa. Assume that the constant...
On 1 July 2018, Parent Ltd acquired all the shares of Son Ltd, on a cum-div. basis, for $2,057,000. At this date, the equity of Son Ltd consisted of: $ 1,000,000 Share capital 500 000 shares...
Hydropump, Inc., produces and sells high-quality pumps to business customers. Its marketing research shows a growing market for a similar type of pump aimed at final consumersfor use with...
Explain how adjusting the customer service level could improve a marketing mix. I l lustrate.
Briefly explain which aspects of customer service you think would be most important for a producer that sells fabric to a firm that manufactures furniture.
assume that we have only two following risk assets (stock 1&2) in the market. stock 1 - E(r) = 20%, std 20% stock 2- E(r) = 10%, std 20% the correlation coefficient between stock 1 and 2 is 0. and...
Flexible manufacturing places new demands on the management accounting information system and how performance is evaluated. In response, a company should a. institute practices that reduce switching...
Revenue and expense items and components of other comprehensive income can be reported in the statement of shareholders' equity using: U.S. GAAP. IFRS. Both U.S. GAAP and IFRS. Neither U.S. GAAP nor...

What are the main disadvantages of simulation?

Question:

Step by Step Answer:

While simulation is a powerful and flexible tool for modeling and analyzing complex systems it also has some disadvantages Here are the main disadvant...View the full answer

Quantitative Analysis For Management

Students also viewed these Business questions