Discussion Post: Benefits of Simulation
Discuss the many costs that businesses face today. Is it always practical to test new ideas via a 'real life' study - with participants, facilities, etc? If not, how can a simulation are utilized to test ideas while keeping costs manageable?
If a simulation is used, what steps are needed in order to have a successful model?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.