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As Described in the Text,validation of a Simulation Involves Insuring

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Essay

As described in the text,validation of a simulation involves insuring that the simulation yields "correct" results when compared to the results of the actual real-world system.If this is so,why run simulations at all,why not just use the results of the actual situation which we obviously already know?

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Definitions:

Risk

A potential loss.

Perfect Tender Rule

This rule allows buyers to reject goods that do not precisely meet the quality, quantity, and delivery terms specified in the contract.

Minor Flaws

Small defects or imperfections that do not significantly affect the overall functionality or value of an item.

Rigidity

The quality of being unable to bend or be forced out of shape; not flexible.

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