Simulation is a method for learning about a real system by experimenting with a model that represents a system.  Explain the simulation approach and provide 2 examples of practical application.

Simulation is a method for learning about a real system by experimenting with a model that represents a system.  Explain the simulation approach and provide 2 examples of practical application.  How would a simulation approach increase management confidence and be easily accepted in your 2 examples?
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