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    Simulation by Sandy

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    Sandeep Rai
    Simulation involves developing a model of a real phenomenon and experimenting with that model. It is a technique used for decision making, especially where mathematical methods cannot be directly applied. The process of simulation has four phases: (1) defining the problem and objectives, (2) constructing an appropriate mathematical or conceptual model, (3) experimenting with the model, and (4) evaluating the results. The goal is to estimate the effects of decisions before implementing them in the real world.

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    Simulation by Sandy

    Uploaded by

    Sandeep Rai
    38 views9 pages
    Simulation involves developing a model of a real phenomenon and experimenting with that model. It is a technique used for decision making, especially where mathematical methods cannot be directly applied. The process of simulation has four phases: (1) defining the problem and objectives, (2) constructing an appropriate mathematical or conceptual model, (3) experimenting with the model, and (4) evaluating the results. The goal is to estimate the effects of decisions before implementing them in the real world.

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    simulation by sandy

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    Simulation involves developing a model of a real phenomenon and experimenting with that model. It is a technique used for decision making, especially where mathematical methods cannot be directly applied. The process of simulation has four phases: (1) defining the problem and objectives, (2) constructing an appropriate mathematical or conceptual model, (3) experimenting with the model, and (4) evaluating the results. The goal is to estimate the effects of decisions before implementing them in the real world.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    38 views9 pages

    Simulation by Sandy

    Uploaded by

    Sandeep Rai
    Simulation involves developing a model of a real phenomenon and experimenting with that model. It is a technique used for decision making, especially where mathematical methods cannot be directly applied. The process of simulation has four phases: (1) defining the problem and objectives, (2) constructing an appropriate mathematical or conceptual model, (3) experimenting with the model, and (4) evaluating the results. The goal is to estimate the effects of decisions before implementing them in the real world.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 9

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    INTRODUCTION
    • “Simulation means imitation or copying”.
    • Simulation is a very potent tool available to managers
    for decision making.
    • It can be applied where mathematical methods may or
    may not apply.
    • Simulation involves developing a model of some real
    phenomenon and then performing experiments on the
    model evolved.
    • It is descriptive technique and not optimizing
    technique.
    Contd…
    • EXAMPLE: For aerodynamic testing scaled down
    model of aeroplanes are built and placed in the wind
    tunnels to check the aerodynamic properties of the
    plane.
    • Simulation can be applied to numerous areas like
    inventory control, queuing systems, project
    management and capital budgeting.
    • Benefit of simulation is from the viewpoint of analyst
    is that results of taking any particular action can be
    estimated prior to the implementation of the action in
    the real world.
    PROCESS OF SIMULATION
    It has four phases:
    1. Problem definition & statement of Objectives.
    2. Construction of an appropriate model.
    3.Experimentation with the Model.
    4.Evaluation of the result of simulation.
    1. Problem definition & statement of Objectives.
    2. Construction of an appropriate model.

    • A simulation Model may be mathematical or physical


    model, a mental concept, or a combination.
    • Mathematical model is preferred over physical model
    because it is not expensive and in this mathematical
    symbols or equations are used to represent the
    relationship in the system.
    Contd…
    • Collection of data is very important task in this phase.
    • The data is needed both for model development and
    evaluation.
    • The type of data needed are directly governed by scope
    and extent of the details of simulation.

    The model for the simulation must be so designed that


    it would enable evaluation of the key decision
    alternatives
    3.Experimentation with the Model.
    4.Evaluation of the result of simulation.

    • The last step is the analysis and interpretation of the


    results of the runs.
    • The interpretation of the result depends on the extent
    to which the simulation model portrays the reality,i.e.
    closer the approximation of the real system by
    simulation model, lesser will be the need for adjusting
    the result and lesser will be the risk inherent in
    applying the result.

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