Please make a comment on the following statement. There are many business applications with linear functions and non-linear functions. Some people think that linear models are particularly of interest due to simplicity and convenience, but some people believe that nonlinear models can simulate business operations better in practice, enabling business professionals to make more accurate decision.

Please make a comment on the following statement. There are many business applications with linear functions and non-linear functions. Some people think that linear models are particularly of interest due to simplicity and convenience, but some people believe that nonlinear models can simulate business operations better in practice, enabling business professionals to make more accurate decision.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 54P

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