Identify one common business simulation model application

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1. Value added can be calculated by:

A. average productivity gains over time

B. inputs divided by the outputs

C. outputs divided by the inputs

D. input plus output divided by two

E. outputs minus inputs

2. What are the pros and cons of using the strategic audit as a framework for case analysis?

3. Describe a notion "optimization" application, using the terms: decisions, constraints and objectives.

4. Briefly describe "simulation" as used in business modeling.

5. Identify one common business "simulation" model application.

Reference no: EM131276955

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