Why would data need to be collected prior to conducting a simulation?
What will be an ideal response?
Data should be collected so the simulation modeler can set realistic parameters for the model. If customer arrivals are being simulated, the modeler would know exactly what the arrival pattern is rather than guessing or using an exponential interarrival time with constant parameters throughout the simulation period. Without some grounding in reality, the simulation would become a case of garbage in-garbage out and the results of the exercise would not be useful.
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Which of the following two methods are typically used for initial screening of investments, rather than for detailed, in-depth analysis?
A) payback and accounting rate of return B) net present value and payback C) internal rate of return and net present value D) accounting rate of return and net present value
The designated relationship is with the designated broker and the employing broker who owns the contract.
a. true b. false