What are the major steps in the simulation process

Assignment Help Strategic Management

Reference no: EM131929781

Question: 1. What are the major steps in the simulation process?

2. What is Monte Carlo simulation? What principles underlie its use, and what steps are followed in applying it?

3. Why is a computer necessary in conducting a real world simulation?

4. What is operational gaming? What is systems simulation? Give examples of how each may be applied.

5. Do you think the application of simulation will increase strongly in the next 10 years? Why or why not?

Reference no: EM131929781

Questions Cloud

How have professional nursing organizations been involved : Identify a state health policy (Florida) and the tools used to implement policy. How have professional nursing organizations been involved in this policy issue?

Service to landlords and prospective tenants : Describe the advantages and disadvantages of retaining a commercial real estate broker from the perspective of the prospective tenant.

Discuss the key questions to ask yourself : Discuss the key questions to ask yourself when you are looking for space for a business.

Discuss why you might choose either an arms length : Discuss why you might choose either an Arm's length or a Collaborative relationship strategy with your suppliers. Why might you choose one over the other?

What are the major steps in the simulation process : What are the major steps in the simulation process? What is Monte Carlo simulation? What principles underlie its use, and what steps are followed in applying it

Produce budget that shows the contribution for each services : Produce a budget that shows the contribution for each of the three services. Rank the three services as to the greatest contributions to profitability

What is the purpose of peer review : When is peer review useful and effective, and what can cause peer review to feel like a waste of time?

Developing a simulation model : Would the average output value in a simulation problem change appreciably if a longer period were simulated? Why or why not?

What the implication would be if audio clips go unrecognized : Discuss what makes these sounds, how would we identify them, and what the implications would be if they go unrecognized. Summarize your findings.

User Account

All Pages