a)
To determine: The reason why managers are forced to use simulation in dealing with the problem of inventory order policy.
Introduction: Simulation is a model that can be used in operations, which would imitate the real world process. Simulation uses random sampling for the generation of realistic variability.
b)
To determine: The reason why managers are forced to use simulation in dealing with the problem of ships docking in a port to unload.
Introduction: Simulation is a model that can be used in operations, which would imitate the real world process. Simulation uses random sampling for the generation of realistic variability.
c)
To determine: The reason why managers are forced to use simulation in dealing with the problem of bank-teller service windows.
Introduction: Simulation is a model that can be used in operations, which would imitate the real world process. Simulation uses random sampling for the generation of realistic variability.
d)
To determine: The reason why managers are forced to use simulation in dealing with the problem of Country U’s economy.
Introduction: Simulation is a model that can be used in operations, which would imitate the real world process. Simulation uses random sampling for the generation of realistic variability.
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Operations Management - Cd
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