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Management · Q163

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 163

Q163

The purpose of using simulation technique is to.

A.
Imitate a real-world situation
B.
Understand properties & operating characteristics of complex real-life problems
C.
Reduce the cost of experiment on a model of real situation
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
The purpose of using simulation technique is to Imitate a real-world situation, Understand properties & operating characteristics of complex real-life problems and Reduce the cost of experiment on a model of real situation.