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Ideally, which should come first, the model or the simulation?     The model is created first because a simulation needs models to run.     They are created at the same time because they are pretty much the same thing.     The two are unrelated and can be created in any order.     Simulation should come first because the model can only be developed using simulation.

Ideally, which should come first, the model or the simulation?     The model is created first because a simulation needs models to run.     They are created at the same time because they are pretty much the same thing.     The two are unrelated and can be created in any order.     Simulation should come first because the model can only be developed using simulation.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Ideally, which should come first, the model or the simulation?

   

The model is created first because a simulation needs models to run.
   

They are created at the same time because they are pretty much the same thing.
   

The two are unrelated and can be created in any order.
   

Simulation should come first because the model can only be developed using simulation.
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