The Simulation Heuristic Involves __________

question 43

Multiple Choice

The simulation heuristic involves __________.

• A)running a computer simulation of human cognitive decision making
• B)imagining the outcome of your own actions
• C)making a model of the event to help your decision making
• D)imaging other possible outcomes of an event

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Definitions:

Role Of Information

The importance of data and information in making informed decisions, guiding strategies, and optimizing operations in a business context.

Supply Chain Software

Computer programs designed to manage and optimize the logistics operations and processes within a supply chain, from procurement to delivery.

Real Time

Referring to processes or systems that can instantly respond and update based on inputs at the moment they are received.

Inventory Visibility

The ability of a company to track and understand its inventory levels, location, and status in real-time or near-real-time.