Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

WEEK 8 Question 1 an...
Before starting with the course, I did not have such deep and comprehensive insights regarding certain aspects of human resource management. Nevertheless, as I progressed with the course I realized th...

Week 8 Question 1 and 2
Week 8 Question 1 and 2

Before starting with the course, I did not have su

Project 2 Grace_1641...
Corporate social responsibility can be considered as the sustainable business practices, corporate citizenship, and responsible business operations of the organization (Brusseau, 2012, p.372). In this...

Project 2 Grace
Project 2 Grace

Corporate social responsibility can be considered

Chapter 12 Discussio...
The National School Lunch Program (NSLP) and the School Breakfast Program (SBP) are federal government initiatives that provide free or reduced-price meals to students in public and private schools ac...

Chapter 12 Discussion
Chapter 12 Discussion

The National School Lunch Program (NSLP) and the S

Quantitative analysis-Discussion (2)

Quantitative analysis-Discussion (2)

Q Why might a manager be forced to use simulation instead of an analytical model in dealing with a problem of the following: (include minimum of three reasons per scenario) (a) inventory ordering policy? (b) ships docking in a port to unload? (c) bank teller service windows? (d) the U.S. economy?

View Related Questions

Solution Preview

View Complete Solution
The simulation is a process where the real world situation has been predicted using the mathematical process. The method of simulation has been used in the various business and operations sector (Render, 2018). The following four cases indicate why simulation is a needed process in decision making: (a) inventory ordering policy? The simulation provides the cost optimization of the resources. It gives a direction about future goals. It identifies the flaws if any in the current operations by comparing the simulation data with the operational data (SalahUddin, Nipa & Rume, 2015).