Management Notes

Reference Notes for Management

Simulation in Operation Research – Key Components, Types, Applications, Advantages, Challenges in Detail | Operations Management

Simulation in Operation Research

Simulation in Operation Research

The simulation technique is one of the most powerful tools in Operations Research (OR) for modeling and analyzing complex real-world systems.

By imitating a real system over time, decision-makers gain insight into system dynamics, evaluate alternative strategies, and make informed decisions without disrupting the system itself.

To better understand simulation in Operations Research, we will examine its key components, applications, benefits, and challenges.

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