April 21, 2013

decision making using simulation

Simulation is a very useful decision making tool, yet a complex one. There are multiple softwares to select from and the most accessible is add-in on Excel. Depending on the application the approach can differ. for example, if the management wants to understand the consequences of multiple decisions, experiments can be carried to visualise their results and compare them or if a component performance was needed a CAD software can be used to analyse the performance needs.

although it can be a complicated process and it is not a decision tool on its own, it gives management and decision makers a deep insight to the situation to allow more objective analysis of the decision alternatives.

In my current job, simulation is very useful to carry out product design by using a software such as solid works or autocad. i can analyse what is the needed factor of safety when deciding on the optimal design for a certain component.

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  • Good point, you dont have to consider it while using the decision tree as the available data is limi… by Ahmed Alali on this entry
  • Good point Bu Salim. However, i failed to mention that a decision objective is linked to the busines… by Ahmed Alali on this entry
  • I do agree with you Ahmed that certain modification enhance GA performance, however, even if someone… by Waddah Alharthi on this entry
  • as u said, the time scaling and sentivity need to be taken into account… i agree but do u think in… by Tzu-i Yang on this entry
  • i agree with u … choosing tools is not easy… we might fall into trap info….it was whyi decisio… by Tzu-i Yang on this entry

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