in Property Dealers
Thu Aug 04, 2016 9:10 am
• 393 Posts
Why Simulate? Simulation provides a vehicle for a discussion about all aspects of a process. Defining the rules and collecting data force you to consider why elements work in a certain way, and how they could work better. It also brings to the surface inconsistencies and inefficiencies especially between different sections of a process that work independently.
There are many process improvements you can make using simulation: higher quality and efficiency from capital assets, better management of inventory, higher return on assets; the list is endless. But some of these improvements could be made without simulation, so the real question is 'Why use simulation instead of another method?'