Discrete-event simulation and system dynamics for management decision making

Brailsford, S, Churilov, L and Dangerfield, BC 2014, Discrete-event simulation and system dynamics for management decision making , ACS Publication, pp. 2522-2531.

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Abstract

The genesis of operational research (OR) in the Second World War was largely characterised by deterministic techniques with a nod to risk evaluations such as in establishing the optimum balance of merchant ships and naval protection vessels in Atlantic convoy sizes. But it was part of the promulgation of OR techniques in large nationalised industries in the late 1940s and early 1950s that simulation came to the fore. This was particularly evident in the British steel industry. The emerging power of digital computers helped enormously and, under the guidance of luminaries such as Keith Tocher, discrete-event simulation (DES) (and the three-phase system) emerged from what had previously been Monte Carlo simulation.

Item Type: Book
Schools: Schools > Salford Business School
Journal or Publication Title: The Journal of Physical Chemistry A
Publisher: ACS Publication
ISBN: 9781118762745
ISSN: 1089-5639
Depositing User: WM Taylor
Date Deposited: 21 Oct 2016 07:52
Last Modified: 27 Apr 2017 10:42
URI: http://usir.salford.ac.uk/id/eprint/40417

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