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Have a few questions I need help with. Each question needs its own answer and its own reference:
Q1. What key factors of a business situation indicate the need for simulation (versus the other modeling techniques covered in the course).
Q2. What is Monte Carlo Simulation? Where do the name come from? What does it consist of?
Q3. What is the difference between Simulation and modeling? Please explain.
Q4. As our text points out, Simulation has the tendency to be very complicated and expensive in its model creation. How do we handle this? What in your opinion then justifies doing Simulation?
This module discussed the Myers-Briggs Personality Test and described its usefulness as a tool for the members of a team by helping them to understand how and why each member performs his or her job in a particular way.
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You have been selected as the consultant to develop a business plan for Durango Manufacturing Company, which is a start-up, medium-sized public manufacturing company.
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Explain and Include an As-Is process Flow and create a To-Be flow to demonstrate the improvement and Be sure to highlight what the improvement is
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