Computer Simulation

A huge benefit of computer simulation is that it enables managers to answer these types of what-if questions without actually changing (or building) a physical system. For example, the supermarket might want to experiment with the number of open registers to see the effect on customer waiting times. The only way it can physically experiment with more registers than it currently owns is to purchase more equipment. Then if it determines that this equipment is not a good investment—customer waiting times do not decrease appreciably—the company is stuck with expensive equipment it doesn’t need. Computer simulation is a much less expensive alternative. It provides the company with an electronic replica of what would happen if the new equipment were purchased. Then, if the simulation indicates that the new equipment is worth the cost, the company can be confident that purchasing it is the right decision. Otherwise, it can abandon the idea of the new equipment before the equipment has been purchased.

Don't use plagiarized sources. Get Your Custom Essay on
Computer Simulation
Just from $13/Page
Order Essay

and taste our undisputed quality.