1. The document discusses simulation as a technique used to study and analyze the behavior of systems over time. Simulation involves creating a computer-based model of a real-world system to draw conclusions about how it operates.
2. Simulation can be used for task training, decision-making, scientific research, and predicting the behavior of natural systems. It allows testing alternatives without committing resources.
3. The document provides examples of how simulation can be used to model the operations of cooperative societies and banks to help students better understand commercial mathematics topics.