The role of computers in simulation, Managerial Accounting

The Role of Computers in Simulation

Computers can be used to:

1) To generate the random numbers

2) To simulate thousands of trials. This is done extremely fast, accurately and reliably.

3) Several combinations of the decision variables can be simulated very fast.

4) Provide management with timely reports, enhancing the competitive edge of the firm.

Posted Date: 12/7/2012 5:56:57 AM | Location : United States







Related Discussions:- The role of computers in simulation, Assignment Help, Ask Question on The role of computers in simulation, Get Answer, Expert's Help, The role of computers in simulation Discussions

Write discussion on The role of computers in simulation
Your posts are moderated
Related Questions
why the activity costing have most comparative bid?

calculate the net operating income ,  evergreen corp has provided the following data: sales per period 1000 units ,selling price $ 40 per unit , variable manufacturing cost 12 p

What are the Principles of management accounting? 1. The procedures and methods to be followed for keeping and analyzing financial statements should have consistency. It enable

How much would each be required to contribute to the QPP in 2011 based on their $70,000 salaries?   Please show your calculations. How much pension income would each have receiv

Assumptions for relevant costs The key assumptions made in relevant costing are: The cost behavior is recognized. The amount of fixed costs, unit variable costs, selli

A managerial accounting strategy focusing mainly on maintaining efficient levels of both components of working capital that is current assets and current liabilities, with respect

Improvement in product design may result in cost reduction illustrated below: 1) Material cost : change in design of the product may result in saving in material cost. Economi

MAKE OR BUY DECISIONS (NO LIMITING FACTORS) The choice between making and buying a given component is one which is likely to face all businesses at some time.  It is often one

i want to get the answer for exercises 2.1 and 2.2 on strategic and tactical decisions

What are the Objectives of budgetary control 1) Planning : planning is an important managerial function. it helps to decide in advance, what to do how to do it when to do it a