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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.
development model
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Contribution Margin: A common of a firm's profitability and performance, this is a calculation of how much a firm's revenues exceed its variable costs of production, and ther
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