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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
APPLICATIONS OF SIMULATION

Simulation has innumerable applications. For example, it can be used for learning about the operating characteristics of a new airplane by simulating flight conditions in a wind tunnel, on electronic or hydraulic analog models of production processes or economic systems, or on mathematical models of such real-life systems as inventory control, production scheduling, network analysis and so on. It can also be used for planning military strategy, traffic control, management games and role playing, medical diagnosis, hospital emergency facilities, gambling and analysis, location analysis for example, determining optional location for plants and ware houses, evaluation of industrial and commercial policies.

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Publisher Resources

ISBN: 9789332512085