by two types of software. Choice of different software results in different installation cost and different selling price … of the whole product. Product with different software also faces different customer demand. We investigate the optimal … proportion of an order to be installed with software 1 or 2, that maximizes expected profit in the single and multiple period …

parameter. A common approach to estimating the project volatility in such instances is to use a Monte Carlo simulation where one … the volatility parameter can be determined. Nonetheless, the simulation estimation method originally suggested for this …

quantifies the effects of such behaviour on the warning message dissemination. This paper develops an Agent-Based Simulation (ABS …

Though manpower planning models have been part of OR for many years, and simulation has always been acknowledged as a … potential approach, there are few reported applications of its use. In this case-based study we report on a micro-simulation … with simulation proves an important factor in the successful use of the model as the basis for designing a promotion box …

, the application of NM to simulation optimization suffers from two problems: (1) It lacks an effective sample size scheme …

preserves its linearity even when used for optimization and, for such a reason, it can be adopted in simulation …

The paper presents a simulation–optimization modeling framework for the evacuation of large-scale pedestrian facilities … with multiple exit gates. The framework integrates a genetic algorithm (GA) and a microscopic pedestrian simulation …–assignment model. The GA searches for the optimal evacuation plan, while the simulation model guides the search through evaluating the …