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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...
- 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
- Simulating Order Fulfillment With Product Substitutions In An Assemble-To-Order Supply Chain
- Nowadays competitive and dynamic business environment, companies need to continually evaluate the effectiveness of their supply chain and look for ways to transform business processes to achieve superior customer service and higher profitability. In this paper we propose a novel availability management process called Available-To-Sell (ATS) that incorporates demand shaping...
- White papers 2005-11-08
- 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
- Intent Driven Adversarial Modeling: Modeling and simulation
- Modern elements of military intelligence and decision making require predictions of adversary force actions and reactions to provide a complete and realistic viewpoint. Current methods for providing realistic adversary force simulation are largely manual processes. Adversarial simulation requires continual assessment of friendly courses of action and is currently "Human assessment...
- White papers 2005-05-16
- 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
- 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
- Sales Management simulation: Bringing Reality To The Classroom
- This paper presents a Sales Management Simulation that was used in a class during Fall. The simulation is an online version that can easily be submitted by students and easily administered by faculty. As indicated by student responses to a survey, they found the simulation experience an excellent learning tool...
- White papers 2004-10-29
- 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
- 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
- An Integrated simulation Method to Support Virtual Factory Engineering
- This paper presents a structure and architecture of an integrated simulation method (ISM) to meet the requirements of virtual factory engineering (VFE). Combining CAD, VR and discrete event simulation techniques, the ISM provides static and dynamic simulation functions for implementation of VFE throughout the lifecycle. The dynamic simulation enables us...
- White papers 2003-02-14
- 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
- Accuracy Of Regional Single- Family Housing Start Forecasts
- This article extends earlier research on the predictability of residential construction activity in regional housing markets. This category of forecasts is used in numerous banking, government, utility, and retail applications. To analyze forecast accuracy, quarterly frequency data are assembled from previously published econometric forecasts for Florida and its six largest...
- White papers 2003-01-01
- 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
- The Joint Warfare System (JWARS): A Modeling and Analysis Tool for the Defense Department
- Joint Warfare System (JWARS) is a campaign-level model of military operations. User will include the Office of the Secretary of Defense (OSD), the Joint Staff, the Services, and the US Warfighting Commands. Program requirements documents specify implementation that fosters insight into cause and effect relationships encountered by military forces. JWARS...
- White papers 2001-11-14
- 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
- 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
Additional Resources
- Combining Agent-Based Supply Net simulation and Constraint Technology for Highly Efficient simulation of Supply Networks Using Aps Systems
- It has become a matter of survival that many companies improve their supply chain efficiency. This presents an opportunity for simulation. However, there are many challenges that must be overcome for simulation to be a contributor to play an effective role. In this paper, four contributors discuss the opportunities that...
- White papers 2002-11-15
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