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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.
can you better explain to me the classification by traceability and the classification by function?
Decision-making is an integral part of all management functions. It is the process of choosing the among alternative courses of action. Managers have to
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