What are some key tools that can be used to create simulation models?

What are some key tools that can be used to create simulation models?

Simulation models’ purpose is to solve business problems. Simulations are a safe and efficient way to solve real-world issues. Understand the concepts and answer the following:

1. What are some key tools that can be used to create simulation models?

2. What are the advantages and disadvantages of simulation models?

3. Describe the key characteristics of a simulation model. How do these characteristics play in your organization that you belong to? You can choose a past or present organization. Explain.

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