MGT 2251 Chapter 13: Simulation Modeling
flow diagram (flowchart)
a graphical means of presenting the logic of a simulation model. It is a tool that helps in writing a simulation computer program
random number
a number whose digits are selected completely at random
simulation
a quantitative analysis technique that involves building a mathematical model that represents a real-world situation. The model is then experimented with to estimate the effects of various actions and decisions
random number interval
a range of random numbers assigned to represent a possible simulation outcome
prewritten simulation programs
graphical programs that are prestructured to handle a variety of situations
simulation software tools
programming languages especially designed to be efficient in handling simulation problems
systems simulation
simulation models that deal with the dynamics of large organizational or governmental systems
Monte Carlo simulation
simulations that experiment with probabilistic elements of a system by generating random numbers to create values for those elements
validation
the process of comparing a model to the real system that it represents to make sure that it is accurate
verification
the process of determining that the computer model is internally consistent and follows the logic of the conceptual model
operational gaming
the use of simulation in competitive situations such as military games and business or management games