SIMULATION • WHAT is Simulation ? • WHY is Simulation required ? • HOW is Simulation applied ? • WHERE is Simulation used ? DEFINITION • Simulation is a representation of reality through the use of model or other device‚ which will react in the same manner as reality under a given set of conditions. • Simulation is the use of system model that has the designed characteristic of reality in order to produce the essence of actual operation. • According to Donald G. Malcolm‚ simulation
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Niche marketing in automobile Industry Niche marketing is the subset of the market on which a specific product is focusing; it is mostly used in Automobile industry. All leading brand like Mercedes‚ BMW‚ Audi‚ Toyota are doing niche marketing. So the market niche defines the specific product features aimed at satisfying specific market needs‚ as well as the price range‚ production quality and the demographics that is intended to impact. It is also a small market segment. Some of the different technology
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In this simulation‚ our team did an audit process by selecting a base to calculate Planned Materiality. We allocated the Materiality to the relevant accounts and set a Tolerable Misstatement for each account. Then‚ we assessed Audit Risk‚ Inherent Risk‚ and Control risk to derive Detection Risk. As a result of these decisions‚ we derived Sample Size and Sampling Interval‚ and set an Expected Misstatement. We learned that certain accounts have to be audit 100 percent. Some of these accounts are
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SUMMARY WRITING A. Definitions 1. Outlining An outline is a structural skeleton of the main points of the material as they appear in chronological‚ rather than logical‚ order. 2. Paraphrase Paraphrasing‚ the restatement of another writer’s ideas in your own words 3. Summary Summarizing‚ the brief restatement of a longer text in fewer words than the original text. The most important feature of a summary is that it is short‚ almost always fewer than 250 words. It is a piece of writing about
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Applying ANOVA and Non Parametric Tests a. What are three lessons you learned relative ANOVA and Nonparametric tests? While doing the simulation; the three lessons learned are as follows: Monitor – the situation Measure – provide measurements‚ accumulate data Improve – provide solutions for improvement. b. As a result of using this simulation‚ what concepts and analytic tools will you be able to use in your workplace (i.e.‚ how do you expect to apply what you learned)? As a result of using
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problem and a different solution. This simulation requires a manager to differentiate between real problems and symptoms‚ devise alternate solutions‚ and measure the impact of those solutions. Our paper will provide details of the problem evaluation tools and techniques our team encountered in the simulation as well as the techniques utilized to evaluate the decision making process outcomes. Finally‚ our team will discuss what changes in the decision making techniques that could have generated better
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Environmental Pollution Simulation Review and Summary Environmental Pollution Simulation Review and Summary In the simulation “Managing Environmental Concerns and Resources‚” the scenario took place in Eastern Europe‚ in a Casadonia city named Keywich. The main concern of Keywich’s City Council is the increasing population of the town and the negative effects it can have on the economy‚ environment‚ culture and society. In the past Keywich was a regular recipient of the Casadonia Greenbough
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Improving Organizational Performance” Simulation Summary Improving Organizational Performance The world of business has seen many examples of successful and unsuccessful companies approach their business activities in a different way and modeled different parts of the organizational structure. However‚ the most important element of any company‚ not depending on its size‚ profile of activity or type‚ is its labor force – the number of employees constitutes the driving element of any company
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A. The simulation model B. The number of patients treated every week and the waiting time for each patient | Number of patients treated | Waiting time for each patient (Min) | Outpatient department | 39 | 2465 | Inpatient department | 542 | 3616 | C. Some changes in the resource levels I. Each shift includes 2 admission secretaries | Number of patients treated | Waiting time for each patient (Min) | Outpatient department | 39 | 2515 | Inpatient department | 544
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This simulation game was developed by Sisk (1976). Basically‚ there are ten imaginary countries (Shima‚ Myna‚ Ila‚ Usa‚ Pam‚ Bonay‚ Shivey‚ Lani‚ Ranu and Bili) and each of these countries has three key elements to be considered: defense‚ resources and demography. The main purpose of this game‚ understanding the importance of negotiation and interdependence between countries. I would like to make some changes in the game for my class. Every student or group will choose their imaginary country.
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