Explain What Is Meant by "Simulation Is Not Limited to Using

question 52

Essay

Explain what is meant by "simulation is not limited to using the standard probability distributions."

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Definitions:

Technical Subsystems

Components within an organization focused on the technological processes and requirements that support its operations and objectives.

Managerial Subsystems

Components within an organization that are responsible for different management functions, such as planning, organizing, leading, and controlling.

Efficiency

Refers to the ability to achieve a desired result without wasted energy or effort.

Contingency Design

The planning and creation of systems, processes, or structures that are adaptable to varying conditions and unforeseen situations.