saint GBA327 module 7 discussion latest 2016 june

Answer your choice of one of the discussion questions below. Please note that you can only address a question that has not yet been answered by a classmate. If all questions have already been answered, then you are free to select any question. Please clearly indicate which question you're answering by labeling it with the question number (e.g. "Question 1").

1. What is an influence diagram and what is its purpose?
2. What are a model, model assumptions, and validity?
3. Explain the Overbooking model and why it is used.
4. What is What-if Analysis and why is it used?
5. Define Monte Carlo simulation and indicate how it differs from hypercube simulation.

Your initial post must be at least 200 words in length and must reference the text. Each subsequent post must be at least 100 words in length. All posts need to add significant value to the discussion. Each post you make needs to pertain to a different question (e.g. if your primary response was to Question 1, then none of your subsequent responses should pertain to Question 1). Avoid late Sunday evening posts. You must cite all sources (references and corresponding in-text citations). Make sure to adhere to all other aspects that I've outlined in my guidelines announcement.