Assignment:
Q1. Why is a computer necessary in conducting a real-world simulation?
Q2. Why might a manager be forced to use simulation instead of an analytical model in dealing with a problem of:
a) Inventory order policy?
b) Ships docking in a port to unload?
c) Bank-teller service windows?
d) The U.S. economy?
Provide complete and step by step solution for the question and show calculations and use formulas.