Already have an account? Get multiple benefits of using own account!
Login in your account..!
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Types of Simulation
1) Operational Gaining Method:
This refers to those situations involving conflict of interest among players or decision makers within the framework of a simulated environment. The two most widely used forms of operational gaming are military games and business management games (mostly computer oriented)
2) Monte Carlo Method:
In Monte Carlo simulation the behavior of at least some components of the model are probabilistically determined. It can be used to solve several different classes of problems. The first are problems that involve some kind of stochastic process while the second are deterministic methods.
To carry out a realistic simulation involving probabilistic elements, it is necessary to avoid bias in the selection of the values which vary. This is done by selecting randomly using one of the following methods.
• Random nos. generated by computers• Random no. tables• Variables in a Simulation Model
A business model usually consists of linked series of equations and formulae arranged so that they behave in a similar manner to the real system being investigated.
Morrow Company applies overhead based on direct labor hours. At the beginning of the year, Morrow estimates overhead to be $620,000, machine hours to be 180,000, and direct labor h
5 application areas of linear programing in management accounting
In this scheme, non-revolving line of credit is extended to the seller to be utilized inside a stipulated period. Assistance is provided to manufactures for promoting sale of their
Have lot of questions please any one help me
advantages of vertical balance sheet \
Echeverria SA is an Argentinian manufacturing company whose total factory overhead costs fluctuate somewhat from year to year according to the number of machine-hours worked in its
Scenario - Ahi Corporation is one of your clients in Hawaii. The company had a good year last year and owes the IRS $100,000,000, due on March 15. There are no penalties or interes
1. Paid $350,000 to purchase furniture and leased it to DEF Corp. for 5 years. DEF agreed to pay $89,955 on July 1 for each of the next 5 years. At the end of the lease term we ex
UNCERTAINTY OF DEMAND Demand is the most troublesome variable to predict accurately. Actually, demand may fluctuate from day to day, from week to week or from month to month. T
THE BASIC EOQ MODEL This is the most simple of all the models discussed. In addition to the general assumptions which relate to all deterministic models (i.e. certainty of all
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd