Intro to Simulation - Outline SIMULATION TECHNIQUES...

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1 SIMULATION TECHNIQUES INTRODUCTION Outline Definition and classification of simulation models 2 class examples (Walton1 & QueueingModels) Popularity of simulation Advantages & disadvantages of simulation Computer software for simulation Probability distribution overview with @RISK 2 3 WHAT IS SIMULATION? Imitation of a real system by duplicating its characteristics Examples: - Flight simulator - Driver’s training simulator - Business strategy games - War games 4 Mathematical Model Decision (controllable) Input parameter(s) Output(s) Model Is there an established method to find the correct answer? Analytical (known formulas or algorithms) or Simulation Are all the input parameters known? Deterministic (known input parameters) or Stochastic Purpose: Descriptive (what is going on?) or Predictive (what will happen?) or Prescriptive (here is what you should do)
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