Limitations of Simulation

Simulation is a valuable tool in the field of Operations Research, enabling analysts to model complex systems and make informed decisions. However, it has several limitations that need to be considered:

1. Time and Resource Intensive: Running simulations can be computationally expensive and time-consuming, especially for large-scale, complex systems. The need for extensive data collection, model development, and repeated experiments can strain both time and resources.

2. Simplifying Assumptions: Simulations often rely on simplifying assumptions to make the model tractable. These assumptions can limit the accuracy of the results, as real-world systems ______ _________ __________ __________ ___ ______ ___ ______ ________.
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