simulation


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Simulation

The use of a mathematical model to imitate a situation many times in order to estimate the likelihood of various possible outcomes. See: Monte Carlo simulation.

Simulation

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.

simulation

A mathematical exercise in which a model of a system is established, then the model's variables are altered to determine the effects on other variables. For example, a financial analyst might construct a model for predicting a stock's market price and then manipulate various determinants of the price including earnings, interest rates, and the inflation rate to determine how each of these changes affects the market price.

simulation

a technique for dealing with complex resource allocation problems which cannot be solved exactly by LINEAR PROGRAMMING or similar analytical methods. The technique involves creating a typical life history of a system to represent the actual problem and its rules of operation. Repeated runs of the simulation, slightly altering the operating rules each time, provides experimentation aimed at discovering methods of improving the performance of the system. Such simulation techniques are frequently employed in examining STOCKHOLDING and QUEUE problems. For example, in simulating a queue problem, such as cars queuing at a petrol-station forecourt, it is possible to note how well existing service facilities are coping with customers and the extent to which existing service capacity is utilized. It is also possible to investigate the effects of such changes as increasing the number of service channels or changing the arrangement of channels to discover ways of improving the performance of the garage.
References in periodicals archive ?
In a longitudinal study designed to determine the impact of a legislature simulation three years after the classroom experience, improved retention of key processes and a reduction in political cynicism were found among the students who used the simulation compared to the control group who did not (Bernstein & Meizlish, 2003).
Will show Moldflow and MoldPack filling simulation and MoldCool cooling program.
Because the new model can reveal cosmic features one-thirtieth the width of the smallest features shown in the earlier simulation, astronomers can now depict the growth of individual galaxies and so compare the model with actual telescope observations.
In the course of a simulation scenario, various events may trigger the recall of past experiences, including emotional associations, with the simulated entity interpreting ongoing events relative to those past experiences.
The contribution of various CAE technologies used for this project (automatic shape optimization, CAD, casting simulation and rapid prototyping) can best be measured by the short time spent to complete the project.
Stevenson, "Evaluation of die design strategies by simulation and experiment," SAE paper 880027, SAE International Conference and Exposition, Detroit (1988).
At the Croatian Ministry of Defense Strategic Studies Institute, SPECTRUM software is being utilized in various model and simulation programs but also to develop strategic decision making scenarios for senior government and military officials.
The simulation required approximately 30 minutes to complete.
isee systems has partnered with Forio Business Simulations to offer a new, Web-based service for sharing models developed in STELLA([R]) and iThink([R]).
Before investing $300,000 in special die-head tooling called Programmable Wall Distribution System (PWDS), Vitec ran a simulation to predict how it would affect material distribution under different process conditions.
Troy, Ml), of integrating simulation applications not only to themselves but to other applications as well, including enterprise software,

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