What is monte carlo simulation, Operation Management

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What is monte carlo simulation

Assignment:

Q1. What type of risk does it attempt to measure?

Q2. What are its strengths and weaknesses?

Q3. Briefly, what is Monte Carlo simulation?

Q4. What type of risk does it attempt to measure?

Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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