2024 – Question Question 1 Benefits of Simulation Discuss the many costs that businesses face today
BA 520 WEEK 7 – BENEFITS OF SIMULATION 545 – 2024
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?
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