Simulation Permits the Modeler to Discover What Might Happen Should

question 5

Short Answer

Simulation permits the modeler to discover what might happen should certain events occur, for example, extreme levels of customer demand, equipment malfunction, etc. This type of analysis is known as ________ analysis.

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Definitions:

General Repair

Maintenance or fixing tasks performed to restore or maintain something, often a vehicle or building, in its original or functional condition.

Right of Reversion

A legal right allowing property ownership to revert back to the initial owner or their heirs upon the occurrence of a specified condition.

Monthly Periodic Lease

A lease agreement that automatically renews each month until either the tenant or landlord gives notice to terminate.

Termination Clause

A provision in a contract that specifies the conditions under which the contract may be ended before the performance is completed.