Ask
Login
0
20kviews
Discuss types of simulation models. What are the advantages and limitations of simulation models?Distinguish between solution derived from simulation models and solution derived from analytical models
written 8.7 years ago by gravatar for teamques10 teamques10 ★ 69k •   modified 4.3 years ago
operation research
ADD COMMENT EDIT
1 Answer
0
217views
written 8.7 years ago by gravatar for teamques10 teamques10 ★ 69k

Simulation models can be classified into the following 4 categories:

  1. Deterministic models: In these models, input and output variables are not permitted to be random variables, and models are described by exact functional relationship.
  2. Stochastic models: In these models, at least one of the variables or functional relationship is given …

Create a free account to keep reading this post.

and 5 others joined a min ago.

ADD COMMENT EDIT
Please log in to add an answer.