Flashcards
Chapter 4
Cards in this deck (2)
- 1Advantages of a spreadsheet to run stimulations- "what if" questions can be asked without rebuilding a model from scratch
- automatic recalculation
- graphs can be produced
- variables and constants can be used
-the model can be saved and backed up
-no additiional software required
-only one model need to be made (can then be changed)
- quicker and cheaper - 2Disadvantages of a spreadsheet to run stimulations.- The model may not be accurate
- time consuming
- running may be expensive
- accurate result may not be given
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- Flashcards on Chapter 4, created by greek010 on 17/04/2013.
- Created by
- greek010 · Apr 2013
- Updated
- Feb 19, 2016
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