How monte carlo simulation is used in business applications, Operation Management

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How monte carlo simulation is used in business applications

1. How Monte Carlo simulation is used in business applications? Give an example of how it is used to solve a business problem

2. What is Monte Carlo Simulation?

3. Pick a specific service that you or your workplace purchases. Use the Service-Quality model presented in our textbook and describe the service including the five potential gaps that can cause unsuccessful service delivery.

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Operation Management: How monte carlo simulation is used in business applications

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