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BNET Business Dictionary
- Simulation
- the construction of a mathematical model to imitate the behavior of a real-world situation or system in order to test the outcomes of alternative courses of action. Simulation was used...
- Simulation definition on BNET »
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- The Future of Operations Research
- How one prominent academic, UC Berkeley's Lee W. Schruben, sees the evolution of operations research in the business world. BNET: What are the big unsolved problems for OR in practice today? Schruben: We have to realize that what we’re actually doing...
- Articles 2008-02-13
- Business Process Modelling Using Simul8
- It is apparent that developing dynamic models of business processes prior to their change could increase the success of Business Renovation BR projects. Simulation has an important role in modelling and analysing the activities in introducing BR since it enables quantitative estimations of influence of the redesigned process on system...
- White papers 2004-09-17
- Evaluating the Performance of Supply Chain Simulations With Tradeoffs Between Multiple Objectives
- Simulation is well suited to the development and analysis of supply chain models, since the problems of interest tend to be complex and encompass uncertainty. However, there are typically multiple performance objectives that tend to conflict. A major problem in supply chain studies is that assumptions need to be made...
- White papers 2004-11-11
- Stress Testing a Supply Chain Using Simulation
- Simulation provides the capability to evaluate performance of a system operating under current or proposed configurations, policies and procedures. It is very applicable to evaluation of strategic and operational level plans for supply chains. It is especially useful for exploring the viability of a supply chain before beginning production. This...
- White papers 2005-11-08
- Supply Chain Management Tradeoffs Analysis
- Supply chain management involves understanding complex interactions between many factors and using the understanding to achieve balance between conflicting objectives. Simulation is a very useful technique to evaluate the impact of changes in factors such as inventory control and business process parameters. This paper describes a simulation based study for...
- White papers 2004-11-11
- Modeling & Simulation in Business Process Management
- Simulation is a tool for managing change. Practitioners in business process management know the critical importance of carefully leading organizations and people from old to new ways of doing business, and simulation is one way to accelerate change. This capability derives largely from the ability of simulation to bring clarity...
- White papers 2003-10-31
- Towards Simulation-Based Business Process Management
- Simulation and optimization of business processes can provide a basis for Business Process Management. This paper explores how work flow performance can be improved through an approach that aligns the network architecture with an organization's business processes. Simulation is examined as a way to optimize this alignment. The paper considers...
- White papers 2003-10-31
- Modeling Risk in the Dynamic Environment of Maritime Transportation
- The Washington State Ferries are one of the largest ferry systems in the world. Accidents involving Washington State Ferries are rare events. Due to the infrequent occurrence of such accidents, large accident databases are not available for a standard statistical analysis of the contribution of perceived risk factors to accident...
- White papers 2001-11-14
- Heuristic Dynamic Assignment Based on Microscopic Traffic Simulation
- A common drawback to most of the Dynamic Traffic Assignment DTA models is that they do not represent properly spill-back of congestion. Simulation has been suggested as an approach to overcome the problem. The improvements in software and hardware technologies have made possible to simulate microscopically real networks of sensitive...
- White papers 2002-07-31
- A Simulation Model for Deciding Between Lump-Sum and Dollar-Cost Averaging
- A Monte Carlo simulation model is developed to help an investor decide between a lump-sum LS investment strategy and a dollar-cost averaging DCA investment strategy. Simulation provides the investor with a more complete picture of the risk-return trade-offs associated with an investment's outcome. Results indicate no clear advantage of a...
- White papers 2000-06-01
- A Simulation Model For Deciding Between Lump-Sum And Dollar-Cost Averaging
- The paper outlined a Monte Carlo simulation model aimed at facilitating the decision to choose between two alternative investment strategies: lump sum and dollar-cost averaging. It is developed to help an investor decide between a lump-sum LS investment strategy and a dollar-cost averaging DCA investment strategy. Simulation provides the investor...
- White papers 2000-06-01
- Monte Carlo Simulation: Still Stuck In Low Gear
- This article examines the causes for planners' slow adoption of MCS and looks at some encouraging developments for the technology. The low MCS adoption rate has led to an interesting situation. Although most practitioners recognize the technology's value, they don't use it because of its perceived complexity. Simulation is going...
- White papers 2000-01-01
- The Role Of Simulation In Advanced Planning And Scheduling
- The article informs that the tasks of planning and scheduling in manufacturing have evolved from simplistic Material Requirements Planning systems to today's sophisticated Advanced Planning and Scheduling systems. While planning is concerned with the long-range determination of what needs to be manufactured, typically over a relatively...
- White papers 2003-01-01
Additional Resources
- The Role of Process Simulation and Scheduling Tools in the Development and Manufacturing of Biopharmaceuticals
- Pharmaceutical manufacturers generally employ either organic synthesis or biotechnology. Each of these technologies has unique challenges, but batch process simulation and scheduling tools can facilitate process development in both. Batch process simulation is distinct from both traditional chemical process simulation and dynamic simulation and is uniquely suited to pharmaceutical processes....
- White papers 2004-11-11
- Supply Chain Simulation Tools And Techniques: A Survey
- The main contribution of this paper is twofold: it surveys different types of simulation for supply chain management; and it discusses several methodological issues. These different types of simulation are spreadsheet simulation, system dynamics, discrete-event simulation and business games. Which simulation type should be applied, depends on the type of...
- White papers 2005-03-04
- Designing Simulation Projects
- Simulation projects provide a useful way to tie together the expected learning outcomes in a simulation class. Designing a good project is a challenging task and simulation instructors are always on the lookout for interesting ideas. This paper provides simulation instructors with two interesting simulation applications, a supply chain project...
- White papers 2003-10-31
- Criteria For The Evaluation Of Business Process Simulation Tools
- This paper focuses on a process of simulation software packages selection in the context of business process change projects. The paper presents discrete event simulation, its relation to business process modelling and examples of its practical applications in business process change projects. Features of business process simulation tools are examined,...
- White papers 2007-04-10
- Who's who at NASA: Tom Alderete, chief, Simulation Planning Office, flight simulation laboratories, Ames Research Center
- Tom Alderete is chief of the Simulation Planning Office at NASA's Ames Research Center in Moffett Field, CA. The office performs simulation development, outreach, and customer contact for the Flight Simulation Laboratories' simulation facilities. NASA Teh Brief: What are the Flight Simulation Laboratories? Tom Alderete: The laboratories consist of three...
- Research articles 2003-02-01
- Medical Simulation: "See one, do one, teach one...just not on my Mom"
- Part One: Why simulation should be a priority. Key words: Medical education, medical simulation, communication skills, crisis resource management Background This manuscript is part-one of a three-part series on Medical Simulation. Part-one will address the "why" of Simulation, namely, why Medical Simulation offers novel opportunities to...
- Research articles 2007-10-01
- Simulation In The Warehouse
- "This white paper is intended as an introduction to the technology of computer simulation for Senior management in the logistics, distribution and warehousing industries. It outlines Capabilities and potentials at several levels and may also be of use to sales and marketing Personnel. Hardware and software requirements...
- White papers 2003-01-01
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