BA 520 WEEK 7 - BENEFITS OF SIMULATION 545

profileAdvanced Tutor
 (Not rated)
 (Not rated)
Chat
Home>Homework Answsers>Business & Finance homework help>Management homework help

Question

 

Question #1:Benefits of Simulation 
Discuss the many costs that businesses face today. Is it always practical to test new ideas via a 'real life' study - with participants, facilities, etc? If not, how can a simulation be utilized to test ideas while keeping costs manageable? 
If a simulation is used, what steps are needed in order to have a successful model?
    • 11 years ago
    Report issue