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Q: Why do we need a warm up period in discrete simulation runs?
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What type of simulation injects randomness by producing a variety of different outcomes across multiple simulation runs even through the starting conditions are the same for each simulation run?

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What are the Advantages and disadvantages of Monte Carlo method?

Disadvantages•May be very expensive and time consuming to build simulation•Easy to misuse simulation by "stretching" it beyond the limits of credibility-Problem especially apparent when using commercial simulation packages due to ease of use and lack of familiarity with underlying assumptions and restrictions-Slick graphics, animation, tables, etc. may tempt user to assign unwarranted credibility to output•Monte Carlo simulation usually requires several (perhaps many) runs at given input values-Contrast: analytical solution provides exact values


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What differentiates an estate for years from an estate from period-to-period is that estate for years?

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What is one way that scientists predict future events such as the effects of global warming What is one way that scientists predict future events?

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