DECISION MODELLING AND ANALYSIS

DECISION MODELLING AND ANALYSIShttp://www.forbes.com/sites/gregsatell/2013/07/15/why-the-future-of-innovation-is-simulation/#4d618a8e29fdRead the article by Satell (2013) entitled “Why The Future of Innovation Is Simulation.” Based on this article and additional reading and knowledge, answer the following questions:Under what conditions would you choose to use a simulation model?What is the simulation process?Explain the pros and cons of using simulation modeling.

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