Special-Purpose Simulation Software Is Specially Built to Run Specific Applications

question 61

True/False

Special-purpose simulation software is specially built to run specific applications and may have provisions in manufacturing models to allow for specifying the number of workcenters, their descriptions, arrival rates, and even batch sizes.

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Definitions:

Cell Value

In the context of spreadsheet software, it refers to the data or formula contained within a specific cell.

Solver Reports

Generated summaries by the Solver add-in in Excel, detailing the outcomes of optimization or problem-solving operations.

Shadow Prices

Theoretical prices assigned to intangible or non-marketable resources, such as the time or opportunity cost of choices.

Managers

Individuals responsible for controlling or overseeing an organization or one of its divisions.