Examlex
Which of the following statements about simulation process is FALSE?
Backup Source
An alternative option or supplier that can be used in case the primary source is unavailable or inadequate.
Overbooking
A practice where a service provider (like airlines or hotels) accepts more reservations than there is capacity, anticipating that there will be some cancellations.
Wasted Capacity
The portion of production capacity that goes unused or is not effectively utilized.
Capacity Shortage
A situation where the demand for a product or service exceeds the available supply or production capability.
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