BUSINESS SIMULATION MODELLING
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... Simulation Modelling Table of Contents Table of Contents 2 Problem Formulation 3 Data Collection and assumptions 4 Validity of Document 6 Model construction and programming 6
Validity of Programmed model 7
Designing and analyzing experiment 8
Simulation Result 9
The term simulation means to imitate (Baudrillard, 1994, p.112). Simulation in general term involves development of a model of real phenomenon (Bhattacharya, 2009, p.116), then making experiments on the evolved model. In simulation, a provided system is copied and manipulation is made with the associated variables and constants to analyze the behavior of that system in the artificial environment (Vohra, 2006,...