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Introduction to tools Discrete Event Simulation  Simulation versus real life experimentationSimulation versus other mathematical modelling techniques Failure Modes, Effects and Criticality Analysis Reliability Centred Maintenance Life Cycle Cost analysis | |||
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Simulation versus Real Life ExperimentationCostExperimenting in real life is costly: not only the capital expenditure of hiring new staff or purchasing new equipment but also the cost of the consequences of these decisions. Reducing staff may give a direct cost saving but if you find that you can't cope with the workload and so lose customers, long term profit is affected. The only cost with simulation is that of building the simulation.RepeatabilityIn real life it is difficult to repeat exact operating circumstances; so you only get one chance to collect the results and you can't test different ideas under exactly the same circumstances. So that it is difficult to identify which idea is really the best. With simulation you can test the same system again and again with different inputs.TimeIf you want to hire another three technicians in the hope it will reduce production backlog over the next two years you will actually have to wait two years. With simulation you can run 2, 10 or even 100 years into the future in seconds. So you get the answer now instead of when it's too late to do anything about it. There is a wide variety of tools and techniques that can be applied to achieve operational success; simulation provides a number of benefits compared with other mathematical modelling techniquesSimul8 solution providerTaranto Consultancy is a certified Simul8 solution provider:
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