ENTREPRENEURSHIP

Detailed explanation-1: -Simulation training, as the name suggests, is a kind of training created to mirror real-life situations. Employees can put their knowledge to the test in situations they may encounter in their jobs. However, this attempt is within the safety net of simulation, thus allowing them to experiment, learn, and grow.

Detailed explanation-2: -A simulation is a training method that represents a real-life situation, with trainees’ decisions resulting in outcomes that mirror what would happen if they were on the job. Simulations allow trainees to make decisions in an artificial, risk-free environment.

Detailed explanation-3: -A simulation is a model that mimics the operation of an existing or proposed system, providing evidence for decision-making by being able to test different scenarios or process changes. This can be coupled with virtual reality technologies for a more immersive experience.

Detailed explanation-4: -Simulation is used in many contexts, such as simulation of technology for performance tuning or optimizing, safety engineering, testing, training, education, and video games. Simulation is also used with scientific modelling of natural systems or human systems to gain insight into their functioning, as in economics.

Detailed explanation-5: -It is useful when experimentation with the real system is expensive, dangerous or likely to cause significant disruption (eg transport systems, nuclear reactor and airline systems). It might also be an option when mathematical modelling of a system is impossible.