Simulation: Concept and Models | Investment Projects | Management

In this article we will discuss about:- 1. Concept of Simulation 2. Simulation Methodology 3. Procedural Steps in Simulation Analysis 4. Merits 5. Demerits 6. Models. Concept of Simulation: For many years, war games have been used as a means of training human resources and testing plans and equipment under field conditions. The process of obtaining the essential qualities of [...]