Assessing operational policies
This paper demonstrates the value and use of continuous simulation as a means of assessing operational policies prior to their implementation. Using as an example the production and employment system of a firm producing specialist pumps to order, it is shown that such assessments are practical and more likely to yield valid results than the unaided and more intuitive assessment by management. Successful application of the method depends upon the full utilisation of management's knowledge of the system, but the simulation approach used has the advantage that it can be understood, relatively easily, by managers with little, if any, mathematical training.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 4 (1976)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description|
|Order Information:|| Postal: http://www.elsevier.com/wps/find/supportfaq.cws_home/regional|
When requesting a correction, please mention this item's handle: RePEc:eee:jomega:v:4:y:1976:i:4:p:437-446. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shamier, Wendy)
If references are entirely missing, you can add them using this form.