One of the advantages of simulation is that

A) it is much less expensive than a mathematical solution.
B) it always generates a more accurate solution than a mathematical solution.
C) it can study the interactive effects of individual components or variables.
D) model development is less time consuming than for mathematical models.
E) model solutions are transferable to a wide variety of problems.

Simulation allows for the study of the interactive effects of individual components or variables, which is not always possible with mathematical models. While simulation may not always be less expensive or more accurate than a mathematical solution, and model development may not always be less time consuming, the ability to study interactive effects is a clear advantage. The option of model solutions being transferable to a wide variety of problems is not mentioned in the given statement.