Questions
Business Modeling & Optimization - DAT-3659 - BMBAN2 A1. In-Class Data Optimization Final Exam (90 Minutes) (Remotely Proctored)
Single choice
Which of the following is NOT a goal of simulation?
Options
A.Identify the best scenario among several hypothetical scenarios.
B.Test alternative product designs, scheduling policies, new facility locations and different machines with different capabilities.
C.Find the optimal solution.
D.Perform risk analysis before costly changes.
E.Dealing with relatively complex systems.
View Explanation
Verified Answer
Please login to view
Step-by-Step Analysis
The question asks which statement is NOT a goal of simulation. I will evaluate each option in turn before identifying the incorrect one.
Option 1: 'Identify the best scenario among several hypothetical scenarios.' This aligns with a common use of simulation, which is to compare alternative scenarios and identify which performs best under given criteria. This is a valid simulation goal.
Optio......Login to view full explanationLog in for full answers
We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!
Similar Questions
In a consumer society, many adults channel creativity into buying things
Economic stress and unpredictable times have resulted in a booming industry for self-help products
People born without creativity never can develop it
A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000
More Practical Tools for Students Powered by AI Study Helper
Making Your Study Simpler
Join us and instantly unlock extensive past papers & exclusive solutions to get a head start on your studies!