Simulation methods are very good at evaluating decisions when

A) the paths are decision dependent.
B) the decision rules are simple.
C) there are different forms of uncertainty.
D) implicit solutions are needed for analysis.

Simulation Methods

Techniques used to imitate the operation of real-world processes or systems over time to study their behavior and performance.

Evaluating Decisions

The process of analyzing and reviewing choices to determine their effectiveness and impacts before or after they are made.

Uncertainty Forms

Refers to the different ways uncertainty manifests in a business environment, such as demand, supply, price, and lead time uncertainties.