Recursive simulation is the technique of having simulated decisionmakers themselves use simulation to inform their decisionmaking. Issues of efficiency require that the recursive ...
Using simulated data to develop and study diagnostic tools for data analysis is very beneficial. The user can gain insight about what happens when assumptions are violated since t...
Most discrete-event simulation models have stochastic elements that mimic the probabilistic nature of the system under consideration. A close match between the input model and the...
This paper documents an experiment designed to show the value of simulation in understanding the relationship between production run lengths and overall supply chain performance. ...
David J. Parsons, Robin J. Clark, Kevin L. Payette
In the 21st century, the Biotechnology industry has the potential to inspire a number of management tools and theories, just as the Automobile industry did in the 20th century. Th...