Explain how steady state results achieved in a simulation
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A: The following explains why the simulation outcomes vary from run to run:
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Q: What is the process for achieving steady state results in a simulation?
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A: To be determined : The difference between the simulated average demand and expected average demand…
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A: Formula:
Q: Establishing the Simulation Model
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Q: Determine that simulation is a methodology commonly used.
A: The following explanations justify the use of simulation techniques:
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A: Given value: Total number of customers beauty Salon serves = 1200 These are the breakdown of its…
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A: Standard Disclaimer-As per our Q&A guidelines, must be answered only one question when multiple…
Q: Two difficulties that might be described using simulation models
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Q: establish the significance of random numbers in Monte Carlo simulations.
A: Random numbers play the following roles in Monte Carlo simulation:
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Q: What is the distinction between simulated and anticipated average demand:
A: Difference between simulated and projected average demand
Q: State any three types of simulation.
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Q: Why is simulation often called a technique of last resort?
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Q: State the difference between the simulated average demand and expected average demand in simulation…
A: A simulation is a time-based depiction of a real-world process or system's operation. Simulations…
Q: Determine why simulation is such a common technique.
A: The below are the reasons for using the simulation techniques:
Explain how steady state results achieved in a simulation?
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- Explain why Simulation is widely used technique in organzations ?Define the difference between the simulated average demand and expected average demand in simulation ?Beauty Salon serves approximately 1,200 customers annually.These are the breakdown of its customers:Teens - 500 Middle Age - 450 Senior Citizen - 250All customers spend an average of Php500.00 per visit.Assuming the customers visit ABC Salon every 2 months, what is the projected annual market sizefor Beauty Salon?However, during the 3-month lockdown, salons are not allowed to operate.What is the projected loss in revenues for ABC Salon?