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    Noel Merengeni COM/001/17 Comp 423: Simulation and Modelling Assignment

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    noelm
    Simulation is widely used in many areas including queuing systems, inventory control, finance, marketing, environmental analysis, production, medicine, and gaming. It allows for the analysis of complex systems where demand and other factors are random variables. It is particularly useful when analytical solutions are not possible due to relaxed assumptions. Simulation generates values for random variables to estimate outcomes like cash flows, market reactions, pollution impacts, and production processes that involve factors like machine breakdowns. It is a valuable tool across many domains for testing, analyzing, and optimizing real-world systems.

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    Noel Merengeni COM/001/17 Comp 423: Simulation and Modelling Assignment

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    noelm
    31 views3 pages
    Simulation is widely used in many areas including queuing systems, inventory control, finance, marketing, environmental analysis, production, medicine, and gaming. It allows for the analysis of complex systems where demand and other factors are random variables. It is particularly useful when analytical solutions are not possible due to relaxed assumptions. Simulation generates values for random variables to estimate outcomes like cash flows, market reactions, pollution impacts, and production processes that involve factors like machine breakdowns. It is a valuable tool across many domains for testing, analyzing, and optimizing real-world systems.

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    an assignment on the applications of simulation

    Original Title

    SIMULATION ASSGT

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    Simulation is widely used in many areas including queuing systems, inventory control, finance, marketing, environmental analysis, production, medicine, and gaming. It allows for the analysis of complex systems where demand and other factors are random variables. It is particularly useful when analytical solutions are not possible due to relaxed assumptions. Simulation generates values for random variables to estimate outcomes like cash flows, market reactions, pollution impacts, and production processes that involve factors like machine breakdowns. It is a valuable tool across many domains for testing, analyzing, and optimizing real-world systems.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    31 views3 pages

    Noel Merengeni COM/001/17 Comp 423: Simulation and Modelling Assignment

    Uploaded by

    noelm
    Simulation is widely used in many areas including queuing systems, inventory control, finance, marketing, environmental analysis, production, medicine, and gaming. It allows for the analysis of complex systems where demand and other factors are random variables. It is particularly useful when analytical solutions are not possible due to relaxed assumptions. Simulation generates values for random variables to estimate outcomes like cash flows, market reactions, pollution impacts, and production processes that involve factors like machine breakdowns. It is a valuable tool across many domains for testing, analyzing, and optimizing real-world systems.

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    NOEL MERENGENI

    COM/001/17
    COMP 423: SIMULATION AND MODELLING
    ASSIGNMENT

    What are some of the areas of application of simulation?


    Queuing
    A major application of simulation has been in the analysis of queuing systems. Yhe
    assumptions required to solve the operating characteristic formulas are relatively
    restrictive .For the more complex queuing systems (which result from a relaxation
    of these assumptions), it is not possible to develop analytical formulas, and
    simulation is often the only available means of analysis.
    Inventory Control
    Most people are aware that product demand is an essential component in
    determining the amount of inventory a commercial enterprise should keep. Most
    of the mathematical formulas used to analyze inventory systems make the
    assumption that this demand is certain .However, demand is rarely known with
    certainty .Simulation is one of the few means for analyzing inventory systems in
    which demand is a random variable, reflecting demand uncertainty.
    Finance
    Capital budgeting problems require estimates of cash flows, which are often a
    result of many random variables. Simulation has been used to generate values of
    the various contributing factors to derive estimates of cash flows.
    Marketing
    Marketing problems include random variables, such as market size and type, and
    consumer preferences. Simulation can be used to ascertain how a particular
    market might react to the introduction of a product or to an advertising campaign
    for an existing product.
    Environmental and Resource Analysis
    Simulation models have been developed to ascertain the impact on the
    environment of projects such as nuclear power plants, reservoirs, highways, and
    dams. In many cases, these models include measures to analyze the financial
    feasibility of such projects. Other models have been developed to simulate
    pollution conditions.
    Production and Manufacturing
    Simulation is often applied to production problems, such as production
    scheduling, production sequencing, plant layout, and plant location analysis. It is
    surprising how often various production processes can be viewed as queuing
    systems that can only be analyzed using simulation. Because machine
    breakdowns typically occur according to some probability distributions,
    maintenance problems are also frequently analyzed using simulation
    Medical field
    Doctors also use simulation to test different medicines and to detect different
    diseases in patients. This is mostly done with a computer screen and the tiny
    device inserted into the patient body. As computers are used in all the fields of
    life so it is making our life easier and it is also very useful for simulating and
    testing different aspects of our life.
    Gaming
    In video games, we can see images of people that look similar to real people. This
    is done with animation software. In games, all the characters are made and then
    are simulated so that it looks and behave exactly like in reality.

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