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Management · Q169

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 169

Q169

Large complicated simulation models are appreciated because.

A.
Their average costs are not well-defined
B.
It is difficult to create the appropriate events
Answer
C.
Both A and B
D.
None of the above

Answer: Option B

Solution

Answer: Option B
Solution:
Large complicated simulation models are appreciated because It is difficult to create the appropriate events. A simulation model has ‘entities’ (e.g. machines, materials, people, etc.) and ‘activities’ (e.g. processing, transporting, etc.). It also has a description of the logic governing each activity.