Question

Explain, why simulation is important in decision analysis?

In what situations discrete event simulation is useful?

Answer 1

simulation models is that they allow one to experiment with different decisions for analysing the results obtained in systems in which the cost, the time, or the risk of performing real experiments is high.....this is the main reason simulation is important in decision analysis..

discrete event simulation is used

in computer network to simulate new protocols, different system architectures before actual deployment......

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