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One drawback of simulation is that it does not determine if some input which was not...

One drawback of simulation is that it does not determine if some input which was not considered could have provided a better solution for the model.

True

False

Math   Statistics-And-Probability   
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Answer #1

False

Main advantages of simulation include:

(1) Study the behavior of a system without building it.

(2) Results are accurate in general, compared to analytical model.

(3) Help to find un-expected phenomenon, behavior of the system.

(4) Easy to perform ``What-If'' analysis.

Main disadvantages of simulation include:

(1) Expensive to build a simulation model.

(2) Expensive to conduct simulation.

(3) Sometimes it is difficult to interpret the simulation results.

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