An advantage of simulation modeling , Management Theories

Advantage of simulation modeling is


a. It generates an optimal solution to the problem.

b. It allows the inclusion of real-world complications.

c. It can be used in similar problem applications with only slightmodifications.

d. It forces managers to identify every single relevant variable within problem. 

Posted Date: 2/14/2013 7:23:07 AM | Location : United States







Related Discussions:- An advantage of simulation modeling , Assignment Help, Ask Question on An advantage of simulation modeling , Get Answer, Expert's Help, An advantage of simulation modeling Discussions

Write discussion on An advantage of simulation modeling
Your posts are moderated
Related Questions
FRANK AND LILLIAN GILBRETH  Frank and Lillian Gilbreth were associates of Fedrick Winslow Taylor. The Gilbreths, unlike Taylor, had experience in unionised industry, which pres

A couple has agreed to attend a "Casino Night" as part of a fundraiser for the local hospital. They do not like to gamble because they believe that gambling is generally a losing p

Q. Define: Decision Making Decision making engages selection of best course of action among different alternatives courses of action.


How would you examine if there is any merit in the remarks of various functional managers

Discuss any two learning theories  in detail.

#What is the concept of manegerial leadership?

what are some of the problems that calcarea cause humans?

For an organisation that you know well (e.g., the organisation, where you are currently employed or for which you worked in the past), using the relevant concepts, theories and mod