This paper presents a framework for analyzing the anticipated costs of simulation before committing resources. The viewpoint taken is that of a manager who must decide whether to solve a problem by simu lation or some other means. The decision-analysis model that is formulated allows the manager to deter mine the minimum-cost method of simulation within the operating and policy constraints of his firm. Two examples are discussed.
Get full access to this article
View all access options for this article.
References
1.
Abt Associates Survey of the State of the Art: Social, Political and Economic Models and SimulationsTechnology and the American Economy vol. 51966
2.
Appelbaum, M.Seven Steps to Simulation Modern Data vol. 3 July 1970
3.
4.
Fried, L.How to Analyze Computer Project CostsComputer Decisions vol. 3 August 1971
5.
6.
Naylor, T.H. et aZ. Computer Simulation TechniquesWileyNew York1966
7.
8.
Shannon, R.E.Biles, W.E.The Utility of Certain Curriculum Topics to Operations Research PractitionersOperations Research vol. 18 July-August 1970
9.
Shubik, M.Brewer, G.D.Models, Simulations and Games -a SurveyRAND Corporation Report R-1060-ARPA/RC May 1972
