Explain what is meant by the concept of "time compression" in simulation modeling

What will be an ideal response?


The effects of OM policies over many months or years can be obtained by computer simulation in a short time.

Business

You might also like to view...

An oil drilling company ordered a pumpjack for its operations. The pumpjack manufacturing company not only set up the machine but also provided training to the people who needed to use it

It also let the drilling company know that it would be undertaking the maintenance and repair services for the pumpjack. What kind of a service is the manufacturing company providing?

Business

“The public self-image that every member of society wants to claim for him/herself” refers to:

a. Harmony b. Individualism c. Face d. Relationship

Business

A description of a portion of a schema is referred to as a subschema.

Answer the following statement true (T) or false (F)

Business

What are rules that help ensure the quality of information?

A. Information assurance B. Composite constraints C. Integrity constraints D. Quality control

Business