Simulation modeling is being widely used in areas such as manufacturing, health, network communications and military. Such popularity of simulation has resulted in a large number ...
What actuaries call cash flow testing is a large-scale simulation pitting a company's current policy obligation against future earnings based on interest rates. While life co...
Simulation models are useful to predict and understand the impact of changes to a manufacturing system. Typical factory simulation models include the parts being manufactured in t...
Jeffrey W. Herrmann, Brian F. Conaghan, Laurent He...
SLX, Simulation Language with Extensibility, is the newest member in Wolverine Software's family of simulation and animation software. SLX features unique extensibility mecha...
Under certain conditions on the integrand, quasi-Monte Carlo methods for estimating integrals (expectations) converge faster asymptotically than Monte Carlo methods. Motivated by ...
Shane G. Henderson, Belinda A. Chiera, Roger M. Co...
Defeat mechanisms are strategies for achieving victory over an opponent. Although defeat mechanisms often rely on influencing the opponent psychologically and emotionally, most si...
We present and evaluate two ranking-and-selection procedures for use in steady-state simulation experiments when the goal is to find which among a finite number of alternative sys...
David Goldsman, William S. Marshall, Seong-Hee Kim...
This paper presents a model and an analysis done to predict enemy force closure. The simulation replaces a pencil and ruler method that has been used by Department of Defense plan...
The calculation of value-at-risk (VAR) for large portfolios of complex instruments is among the most demanding and widespread computational challenges facing the financial industr...
Paul Glasserman, Philip Heidelberger, Perwez Shaha...
Simulation is used extensively by Caterpillar Logistics Services, Inc. (Cat Logistics) to determine an appropriate strategy for achieving clients' inventory and customer serv...