Operations Research, 2nd Edition

14

Simulation

14.1 INTRODUCTION

There are many problems of real life which cannot be represented mathematically due to the stochastic nature of the problem, the complexity in problem formulation, or the conflicting ideas needed to properly describe the problem under study. In such situations simulations can be used.

Simulation analysis is a natural and logical extension of the analytical and mathematical techniques used for solving problems in Operations Research. Simulation, which can be called management laboratory, determines the effect of alternate policies without disturbing the real system. Recent advances in simulation methodologies, software availability, and technical developments have made this technique one of the most widely used ...