Simulation
Simulation
SIMULATION MODELING
CONTENTS
Modeling in Problem Solving 193
Basic Steps in Simulation 194
Types of Systems in Simulation Models 194
Simulation Methods 195
Monte Carlo Method 196
Advantages Disadvantages
i. Realistic representation of i. Simplifying assumptions may
complex systems. oversimplify complexities.
ii. Risk-free experimentation. ii. Validity depends on accurate models
iii. Time and cost efficiency. and data.
iv. Performance optimization. iii. Development and maintenance costs
can be high.
iv. Interpreting results can be challenging.
NOTE: Before using simulation, consider (i) problem type and analytical
solutions (ii) resource availability (iii) costs and (iv) data availability.
T Y P E S O F S Y S T E M S I N S I M U L A T I O N M O D E LS
The main objective of a simulation model is to collect observations about a
system over time. A system, defined as a set of inter-related components
working towards a common goal, can be conceptualized in various ways,
influencing the modeling process. General classifications of systems include
whether they are deterministic or stochastic, and static or dynamic (see Figure
21.1). Understanding these distinctions helps in choosing appropriate simulation
approaches based on the nature of the system.