Which of the Following Is NOT a Disadvantage of a Simulation

question 6

Multiple Choice

Which of the following is NOT a disadvantage of a simulation?

• A)An optimal solution cannot be guaranteed,but relatively good ones are generally found.
• B)Simulation software sometimes requires special skills because of the complexity of the formal solution method.
• C)Simulation is often the only DSS modeling method that can readily handle relatively unstructured problems.
• D)Simulation model construction can be a slow and costly process,although newer modeling systems are easier to use than ever.

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Definitions:

Interest

The cost of borrowing money or the payment received for the use of money, typically expressed as an annual percentage rate.

Original Principal

The initial amount of money borrowed or invested, not including any interest or earnings.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, thereby eroding purchasing power.

Future Date

A specified time in the future, often used in the context of planning, forecasting, or setting deadlines.