Presented by :
49 Sahil Rawat
50 Jay savla
SIMULATION
51 Rehan Shaikh
52 Pranav Shinde
53 Siddhi Shinde
54 Priyesh Shinge
What is
Simulation?
The simulation process in operations research
involves a series of structured steps to model
and analyze the behavior of a system.
Benefits of
Simulation
Risk-Free Testing Enables experimentation with various
scenarios without disrupting real-world
operations.
Improved Decision- Provides detailed insights into system
Making performance under different conditions.
Cost Efficiency Reduces the need for expensive real-world
trials and prototypes.
Disadvantages of
Simulation
Time-Consuming
Building, testing, and validating a simulation model
requires significant time and effort.
High Initial Cost
Developing a simulation model can be expensive due to the
need for specialized software, hardware, and expertise.
Risk of Misuse or Misinterpretation
Non-experts may misinterpret simulation results or use them
improperly in decision-making.
Example of Simulation
Supply Chain and Logistics
Transportation and Routing
Inventory Management
Warehouse Operations
Demand Forecasting
Conclusion
While simulation has challenges, such as high initial costs
and dependence on accurate data, its benefits far outweigh
these limitations. It remains a critical tool for modern
organizations aiming to optimize performance, enhance
efficiency, and stay competitive in an ever-changing
environment.
Simulation is not just a methodology; it’s a strategic enabler
for innovation and operational excellence.
