The process of ensuring that the simulation model provides an accurate representation of a real system is called
a. risk analysis
b. verification
c. validation
d. static modeling
c
You might also like to view...
Which of the following is one of the strategic characteristics to consider when deciding how supplier relationships should be structured on the continuum between vertical integration (do not outsource) and arm's length relationships (outsource)?
A. Coordination B. Investment C. Cost D. Control E. Location
When learning about human resource management, it is important to have an understanding of the __________ section of the practitioner’s model of human resource management. This section contains the things that are most critical to the organization’s basic stability and success.
A. 21st Century HRM, Strategic Planning, and HR Laws B. Staffing C. Developing and Managing D. Protecting and Expanding E. Technical Skill
Consumer Price Index is
A. a weighted aggregate price index where the weight for each item is its current-period quantity. B. a weighted aggregate price index where the weight for each item is its last-period quantity. C. an index that is designed to measure changes in quantities over time. D. an index that is designed to measure changes in production levels over time.
The buyer's rejection of nonconforming goods or tender is rightful under the perfect tender rule
a. True b. False Indicate whether the statement is true or false