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The use of a mathematical model with different values as variables in order to determine the likelihood of a particular outcome. A simulation is run many times (often thousands) in order to find the most likely outcome. Running simulations is important for analysts who, for example, wish to predict a security's future price movements.


To create an artificial environment or circumstance that closely resembles reality so that people may test their predictions about behavior or practice their skills. One may purchase simulation software to help new real estate agents learn how to interact with buyers and sellers or house-flipping simulation software to learn the tricks and perils of that process.

References in periodicals archive ?
Computer-based games and simulations have now established beachheads in a broad range of professions where "on-the-job" mistakes can have catastrophic consequences, such as first responders, city planners, surgeons, military leaders, and business managers (Berry & Hilgers, 2004; Dorner, 1996; Oppenheimer, et.
Other new features include flexible joint support that lets multiple hinges share loads equally, yielding more consistent results; nonlinear springs and dampers such as those on automobile shock absorbers; and the ability to compare results between different simulations.
The new study', with its much greater detail than previous models, is at "a qualitatively different level, which allows an analysis of many physical questions which could not be well addressed with previous simulations," says Springel.
Two vendors of simulation software from Europe and Asia think it's the best solution for a big proportion of injection molded parts.
How can simulation technologies be used both as training and tactical tools to accelerate and enhance decision making by law enforcement personnel?
An illustration of computer die design involving several iterations, similar to die trials, is shown in figure 6 for a simulation using the Polyflow code.
Simmetrix will develop and distribute the Simulation Modeling Environment as component software toolkits enabling CAD and CAE vendors to leverage this technology investment.
Training simulations would allow leaders and staff the first real opportunity to acquaint themselves with western doctrine techniques and tactics.
Nevertheless, this study further demonstrated the feasibility of using personal computers to provide case simulations in training and evaluating students.
isee is widely recognized as a leader in Systems Thinking and system dynamics modeling, which dovetails nicely with our position as providers of web simulations and simulation hosting.
Simulation software used to focus on getting materials handling Systems To run properly.

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