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What is Understanding Simulation: Definition & Uses about?

Simulation is a method that imitates real-world processes or systems using models to aid decision-making, training, and experimentation. It can be applied in various fields, including engineering, finance, and urban planning, and offers advantages such as reduced financial risk and the ability to test multiple scenarios. However, simulations have limitations compared to digital twins, which provide real-time feedback and information flow between virtual and real systems.

Author

jobmuuo9

Language

EN