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







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