Knowledge Base & Community Wiki
Simulation Modeling Techniques
A Simulation Model is a mathematical model that calculates the impact of uncertain inputs and decisions we make on outcomes that we care about, such as profit and loss, investment returns, environmental consequences, and the like. Simulation Modelling is used to help designers and engineers understand whether, under what conditions, and in which ways a part could fail and what loads it can withstand.
Following are the Simulation modelling techniques that VisualizeIT will address:
- Discrete Event Simulation
- Queuing Theory & Petri Nets
- Markov’s Chains and State Space models
Modelling Solution: VisualizeIT offers access to a bunch of Analytical Models, Statistical Models and Simulation Models. Access to all the Analytical (Mathematical) models is free. We recommend you try out the Analytical models at VisualizeIT which are free to use and drop us a note with your suggestions, input and comments. You can access the VisualizeIT website here and the VisualizeIT modelling solution here –VisualizeIT.