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infrastructure that monitors and controls them. The paper discusses the need for and methods to construct simulation models that …/methodology/approach – The paper offers a particular approach to modeling and simulation of hybrid systems as an enabling technology for analysis … (via simulation) of modern electric power grids. The approach, based on the discrete event system specification, integrates …
Persistent link: https://www.econbiz.de/10014773436
Purpose – The non‐storable nature of electricity and the increasing complexity of financial instruments as a tool for hedging against risk make the area of research very useful in the real world. Many power portfolio optimization problems have been developed to combat the issue of risk...
Persistent link: https://www.econbiz.de/10014773535
This study reviews and evaluates the use of a business simulation, specifically the hotel operational training … simulation (HOTS) as it applies to tourism and hospitality education. An extensive self‐report survey was used to examine the … simulation. The simulation as an alternative form of instruction, the learning experience outcomes and critical and analytical …
Persistent link: https://www.econbiz.de/10014762615
their past purchases in their decision. The suppliers adapt to the demand by amending their offer price. A simulation of the … theoretical choices. Design/methodology/approach – The methodology used is multi‐agent simulation. It is little used compared to …‐agent simulation is a metaphor of the real world that makes virtual agents (consumers and suppliers) compete; these agents are provided …
Persistent link: https://www.econbiz.de/10014814113
previously published simulation studies in agriculture and food markets since system dynamics (SD) is applied in modeling both …Purpose – The purpose of this paper is to present a model and simulation results for the corporate financial value of … input production and consumption and the processor's financial value. SD modeling is well suited to simulation in a critical …
Persistent link: https://www.econbiz.de/10014814130
Identifies the need for a formal procedure to generate a reference state when conducting qualitative simulation studies … indicators, steady state conditions, system capacity and model validity. Its application is illustrated using a simulation model … general does not generate a unique reference state. The impact of using different reference states in a simulation experiment …
Persistent link: https://www.econbiz.de/10014823701
logistics planning phase is offered by geographical information system technology, included in the simulation environment in …
Persistent link: https://www.econbiz.de/10014823765
help develop insights into the nature and problems evident when attempting to use simulation across different enterprise … use of discreet‐event (DE) simulation when applied in these instances, the research attempts to develop policy … implications that will provide a better understanding of how simulation studies should be approached across different manufacturing …
Persistent link: https://www.econbiz.de/10014823812
(ORE) procedures). Design/methodology/approach – Simulation experiments were conducted using a multistage production …
Persistent link: https://www.econbiz.de/10014823875
simulation's inherent ability to handle the uncertainties. Design/methodology/approach – The ERP system still contains and uses … methodology employs bi‐directional feedback between the non‐stochastic ERP system and the discrete event simulation model until a … discrete event simulation models. The specific steps developed for this research can be adopted for other enhancements in …
Persistent link: https://www.econbiz.de/10014823924