One of the Disadvantages of Simulation Is That It

question 24

Multiple Choice

One of the disadvantages of simulation is that it:

• A) does not allow for very complex problem solutions.
• B) is not very flexible.
• C) is a repetitive approach that may produce different solutions in different runs.
• D) is very limited in the type of probability distributions that can be used.
• E) interferes with the production systems while the program is being run.

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Definitions:

Quantity

The amount or number of a material or immaterial good that is considered disposable or usable.

Income Elasticity of Demand

Income elasticity of demand measures how the quantity demanded of a good or service changes in response to a change in consumers' income.

Quantity Demanded

In economics, the total amount of a good or service that consumers are willing and able to purchase at a given price.

Income

The financial gain received by an individual or household, usually derived from work, investments, or other sources, over a period.