Solution-Quantitative analysis for decision making

Quantitative analysis for decision making

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Simulation has become very significant tool for many business entities in last couple of decades. Using software programs, companies will simulate the start-up costs, entire manufacturing facilities, even market conditions. Simulation software has enabled managers and executive to make better decisions, while keeping the risks to a minimum. With all of the benefits of the simulation software has to provide to a business entity, the companies still chose not to use software to simulate cost, even manufacturing processes or market conditions? What are some of the reasons that the companies opt out of using simulation software? 2- Search the Internet and the articles database in the library for a real-life illustration of simulation. For hint, type the word "Simulation" followed by a topic of interest to you. Carefully review the search item.

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Reference no: EM135179

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Quantitative analysis for decision making : Internet and the articles database in the library for a real-life illustration of simulation. For hint, type the word "Simulation" followed by a topic of interest to you. Carefully review the search item.

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Quantitative analysis for decision making

Reference no: EM135179

Reference no: EM135179

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Applied Statistics Questions & Answers

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