CHAPTER 10 – Saving Money with Optimization
I. Rubric for Optimization
II. Questions to Ponder
How can simulation help us in our cost improvement activities?
How does simulation in product or process development improve our cost and reduce risk?
What are the costly prerequisites for simulation?
How would you make the most of simulation efforts?
What are the steps to develop accurate models?
What actions do you take to ensure the validity of the models for simulation?
III. Cost Improvement Scenario
A. Situation
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