Simulation And Modeling Questions
The role of simulation and modeling in decision support systems is to provide a virtual representation of real-world systems or processes. By using mathematical and statistical techniques, simulation and modeling allow decision-makers to analyze various scenarios, test different strategies, and evaluate the potential outcomes of their decisions. This helps in understanding the complex relationships and dynamics of the system, identifying potential risks and uncertainties, and making informed decisions based on data-driven insights. Simulation and modeling also enable decision support systems to optimize resource allocation, improve operational efficiency, and minimize costs, ultimately enhancing the decision-making process and facilitating better outcomes.