Similar questions

Briefly explain the steps in simulation study.

Steps involved in simulation study.

• Below figure shows steps involved in study of simulation.

Steps in simulation are as follows:

1. Problem formulation: Every study should begin with a statement of the problem. If the statement is provided by policymakers, or those that have the problem, the analyst must ensure that the problem being described is …

The Basic Steps of a Simulation Study The application of simulation involves specific steps in order for the simulation study to be successful. Regardless of the type of problem and the objective of the study, the process by which the simulation is performed remains constant. The following briefly describes the …