Which of the Following Is Typically Not an Application of Simulation

question 23

Multiple Choice

Which of the following is typically not an application of simulation models?

• A)Operations models
• B)Financial models
• C)Marketing models
• D)Logistics models

---

Definitions:

Total Quality Management

An organizational approach focused on improving quality, performance, and customer satisfaction through all team members' continuous efforts.

Evidence-Based Management

Making decisions based on hard facts about what really works.

Network Models

Mathematical representations of complex systems composed of interconnected elements, used in various fields like operations research and computer science to analyze network behavior.

Allocate Production

The process of assigning resources or tasks in the production process to different times, places, or people.