Please reply to this activity with with 200 phrases,12 font cases roman,citation,references. No plagiarism . Discuss in regards to the varied costs that firms face proper now. Is it on a regular basis smart to test new ideas by means of a ‘precise life’ analysis – with members, facilities, and so forth? If not, how can a simulation be utilized to test ideas whereas holding costs manageable? If a simulation is used, what steps are needed to have the ability to have a worthwhile model?