Modeling Is Not Quite as Simple in Practice as It

question 4

Essay

Modeling is not quite as simple in practice as it is in theory. What are the issues that must be addressed and solved to make the technique of building simulations workable? Use the example of Galileo's 16th-century experiment dropping balls from the Tower of Pisa within your answer.

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Definitions:

Disbursement Float

The time lag between a payment being made by a company and the actual withdrawal of funds from the company's account.

Deposited

Placing money into a financial account or institution for safekeeping or investment purposes.

Collection Float

The time period between when a check is deposited and when the funds are available in the payee’s account, reflecting the bank’s processing time.