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Quantitative Techniques: Theory and Problems
book

Quantitative Techniques: Theory and Problems

by P. C. Tulsian, Vishal Pandey
June 2006
Beginner
793 pages
20h 59m
English
Pearson India
Content preview from Quantitative Techniques: Theory and Problems
STEPS IN THE SIMULTATION PROCESS

Although simulations vary in complexity from situation to situation, in general one would have to go through the following steps:

Step 1→ Define the problem or system you intended to simulate.
Step 2→ Formulate the model you intend to use.
Step 3→ Test the model; compare its behaviour with the behaviour of the actual problem.
Step 4→ Identify and collect the data needed to test the model.
Step 5→ Run the simulation
Step 6→ Analyze the results of the simulation and, if desired, change the solution you are evaluating.
Step 7→ Rerun the simulation to test the new solution.
Step 8→ Validate the simulation; this involves increasing the chances of the inferences you may draw about the real situation ...
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Publisher Resources

ISBN: 9789332512085