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Quantitative Techniques: Theory and Problems
book

Quantitative Techniques: Theory and Problems

by P. C. Tulsian, Vishal Pandey
June 2006
Beginner
793 pages
20h 59m
English
Pearson India
Content preview from Quantitative Techniques: Theory and Problems
ADVANTAGES OF SIMULATION

The four reasons for using simulation for solving management problems are mentioned on next page:

  1. Simulation techniques allow experimentation with a model of the system rather than the actual operating system – Sometimes experimenting with the actual system itself could prove to be too costly and, in many cases too disruptive. For example, if you are comparing two ways of providing food service in a hospital, the confusion that would result from operating two different systems long enough to get valid observations might be too great. Similarly, the operation of a large computer centre under a number of different operating alternatives might be too expensive to be feasible.
  2. The non technical manager can comprehend simulation ...
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Publisher Resources

ISBN: 9789332512085