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MANAGEMENT SCIENCE What is Monte Carlo Simulation and how do you apply it in business? Identify the application of Queuing theory in various areas of
MANAGEMENT SCIENCE
- What is Monte Carlo Simulation and how do you apply it in business?
- Identify the application of Queuing theory in various areas of business.
- What is the use of SIMULATING machine breakdown and repair? Enumerate at least three.
- What is the principle of simulation as applied in business? Explain.
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