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Simulation

In: Interactive Operations Research with Maple

Author

Listed:
  • Mahmut Parlar

    (McMaster University, DeGroote School of Business)

Abstract

Simulation1 is a computer-based probabilistic modeling tool that is used to imitate the behavior of an existing or a proposed system. If an existing system such as a bank branch is experiencing long queues and long customer waiting times, the manager of the branch may use simulation to examine different alternatives for improving service without actually making any physical changes in the system.

Suggested Citation

  • Mahmut Parlar, 2000. "Simulation," Springer Books, in: Interactive Operations Research with Maple, chapter 10, pages 417-448, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4612-1356-7_10
    DOI: 10.1007/978-1-4612-1356-7_10
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