February 2016
Intermediate to advanced
480 pages
219h 58m
English
Simulation is a tool that has become widely accepted by managers for several reasons. The main advantages of simulation are as follows:
There are many reasons it’s better to simulate a real-world system than to experiment with it.
It can be used to analyze large and complex real-world situations that cannot be solved by conventional operations management models.
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.
“Time compression” is possible. ...