downstream agile process and shield upstream smooth production from market fluctuations. A simulation model is developed to … evaluate and validate the effectiveness of the proposed lean-agile model. Simulation experiments show that the lean-agile model …

, riskless allocation, symmetry and suitability for performance measurement (compatibility with Return on Risk Adjusted Capital … methods from the point of view if they are satisfying core compatibility. We test this with simulation where we add to the …

There is still considerable doubt and even anxiety among simulation modelers as to what the methodologically correct … guidelines or procedures for validating simulation models should be. Epistemically, the approaches one finds in the simulation … simulation models. From the debate, we attempt to set out a perspective that frees the practioner to pursue a varied set of …

improvements, all arising from part family-oriented processing. These insights are verified through a simulation comparison of five …

The classical confidence interval estimator commonly used in simulation is compared with four new estimators based on … that strictly dominate the classical estimator when used with data from independent simulation replications or means of … batched observations from a single simulation run. Two of the new estimators also can be used with a single unbatched …

performance is unknown, merit the time and money needed to develop a simulation to infer its performance? For how long should the … approach to the simulation selection problem, one that maximizes the expected net present value of decisions made when using … stochastic simulation. We provide a framework for answering these managerial questions: When does a proposed system design, whose …

In stochastic systems, quantiles indicate the level of system performance that can be delivered with a specified … probability, while probabilities indicate the likelihood that a specified level of system performance can be achieved. We present … new estimators for use in simulation experiments designed to estimate such quantiles or probabilities of system …