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As Programs Are Refined, Eventually Computer Simulation Will Reduce Cost

question 16

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As programs are refined, eventually computer simulation will reduce cost because significant problems can be modeled before a program is put in place.

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Definitions:

Value Chain

This concept describes the full range of activities that businesses go through to bring a product or service from conception to delivery to the final consumer.

Transformational Chain

The interconnected steps or processes that lead to a significant change or metamorphosis in an organization or system.

Materials Requirement Plan

A system used in manufacturing to coordinate the supply of materials with production schedules to ensure that materials are available when needed.

Contingency Theories

A class of behavioral theory that contends that there is no one best way of organizing a corporation, leading a company, or making decisions, instead it depends on various situational factors.

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