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

question 39

True/False

Special-Purpose Simulation Software is specially built to run specific applications that have provisions in manufacturing models to allow for specifying the number of work centers,their descriptions,arrival rates and even batch sizes.

---

Definitions:

Product Markets

Markets where goods and services produced by businesses are sold to households and other businesses.

Optimal Level

The most efficient, effective, or desirable point or state for a specific goal or condition, often in economic and operational contexts.

Market Supply Curve

Represents the total quantity of a good or service that all producers in a market are willing to sell at different price levels, at a given time.

Shift

A change in the position of a demand or supply curve, indicating a change in the quantity demanded or supplied at every price.