Simulation Optimization Helps

question 4

Multiple Choice

Simulation optimization helps

• A)in identifying the constraints of the situation.
• B)to find good decisions in highly complex and highly uncertain settings.
• C)in assigning values to outcomes.
• D)to model certainty using optimization techniques.

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Definitions:

Accounts Payable Period

The average time it takes for a business to pay off its suppliers after receiving goods or services, reflecting on the company's cash management efficiency.

Average Collection Period

The typical time frame for a company to receive dues from its clients for goods or services offered on credit.

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it, and convert the sale into cash.