What is the best solution these days for running PC software on my intel iMac?

I have some special software that only runs on Windows operating system. Can I use a PC emulator software package or can I partition my hard drive and install Windows?
I have a 3.06 GHz Intel Core 2 Duo processor with 4 GB 1067 MHz DDR3 memory.
I amusing OX X Version 10.9.3
Thanks

Windows on Intel Macs
There are presently several alternatives for running Windows on Intel Macs.
   1. Install the Apple Boot Camp software. Purchase Windows
         XP w/Service Pak2, Vista, or Windows 7. For Boot Camp
         4.0 and above you can only use Windows 7 or later. Follow
         instructions in the Boot Camp documentation on
         installation of Boot Camp, creating Driver CD, and
         installing Windows. Boot Camp enables you to boot the
         computer into OS X or Windows.
     2. Parallels Desktop for Mac and Windows XP, Vista Business,
         Vista Ultimate, or Windows 7. Parallels is software
         virtualization that enables running Windows concurrently
         with OS X.
     3. VM Fusion and Windows XP, Vista Business, Vista Ultimate,
         or Windows 7. VM Fusion is software virtualization that
         enables running Windows concurrently with OS X.
     4. CrossOver which enables running many Windows
         applications without having to install Windows. The
         Windows applications can run concurrently with OS X.
     5. VirtualBox is an Open Source freeware virtual machine such
         as VM Fusion and Parallels that was developed by Solaris.
         It is not as fully developed for the Mac as Parallels and VM
         Fusion.
Note that VirtualBox, Parallels, and VM Fusion can also run other operating systems such as Linux, Unix, OS/2, Solaris, etc. There are performance differences between dual-boot systems and virtualization. The latter tend to be a little slower (not much) and do not provide the video performance of the dual-boot system. See MacTech Labs- Virtualization Benchmarks, January 2013 | MacTech for comparisons of Boot Camp, Parallels, and VM Fusion. Benchmarks of all of the above except Crossover can be found in Benchmarking Parallels, Fusion, and VirtualBox Against Boot Camp - The Mac Observer. Boot Camp is only available with Leopard or later. Except for Crossover and a couple of similar alternatives like DarWine you must have a valid installer disc for Windows.
You must also have an internal optical drive for installing Windows. Windows cannot be installed from an external optical drive.

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