Generally, Modeling is the process of representing a real-world object or phenomenon as a set of mathematical equations. More specifically, the term is often used to describe the process of representing 3-dimensional objects in a computer. All 3-D application, including CAD/CAM and animation software.
A simulation generally refers to a computerized version of the model which is run over time to study the implications of the defined interactions. Simulations are generally iterative in there development. One develops a model, simulates it, learns from the simulation, revises the model, and continues the iterations until an adequate level of understanding is developed.
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