Essay Available:
page:
1 pages/≈275 words
Sources:
1
Style:
APA
Subject:
Business & Marketing
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.83
Topic:
Organizational Issue Demanding Simulation Model
Coursework Instructions:
Describe a current problem facing your department, organization, or industry that would indicate the need for a simulation model. How best would this problem be solved by simulation versus the other modeling techniques covered in the course? Support your response with rationale from the readings.
Coursework Sample Content Preview:
SIMULATION
Student’s Name:
Affiliated Institution:
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In its broadest definition, simulation is a technique for assessing how well an existing or prospective system will work under various configurations of interest over protracted periods of real-time (Maria, n.d.). Before making changes to a current system or creating a new one, simulation is used to lower the likelihood that it will not function as expected, get rid of unexpected bottlenecks, avoid under-or overusing resources, and improve system performance (Maria, n.d.). In this instance, we will talk about an illustration of my organizational issue that shows the demand for a simulation model.
The company I work for realized on February 13th, 2022, that there was a gap in the predicted profit rate when its financial report was released. The board of management did meet as a result to talk about what caused the situation. Fortunately, they learned that the total number of sales had decrease...
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