Asked by Bailey Ennis on May 11, 2024
Verified
Explain what is meant by the concept of "time compression" in simulation modeling.
Time Compression
Strategies or processes aimed at reducing the time taken to complete tasks or deliver goods, thereby increasing efficiency and competitive advantage.
- Recognize the concept of time compression in simulation and its practical implications.
Verified Answer
AT
Areej TariqMay 12, 2024
Final Answer :
The effects of OM policies over many months or years can be obtained by computer simulation in a short time.
Learning Objectives
- Recognize the concept of time compression in simulation and its practical implications.
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