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Operations Management: Sustainability and Supply Chain Management, Twelfth Edition
book

Operations Management: Sustainability and Supply Chain Management, Twelfth Edition

by Jay Heizer, Barry Render, Chuck Munson
February 2016
Intermediate to advanced content levelIntermediate to advanced
480 pages
219h 58m
English
Pearson
Content preview from Operations Management: Sustainability and Supply Chain Management, Twelfth Edition

Advantages and Disadvantages of Simulation

Simulation is a tool that has become widely accepted by managers for several reasons. The main advantages of simulation are as follows:

Student Tip

There are many reasons it’s better to simulate a real-world system than to experiment with it.

  1. It can be used to analyze large and complex real-world situations that cannot be solved by conventional operations management models.

  2. Real-world complications can be included that most OM models cannot permit. For example, simulation can use any probability distribution the user defines; it does not require standard distributions.

  3. “Time compression” is possible. ...

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Publisher Resources

ISBN: 9780134422404