Simulation Techniques Pay Their Way As Management Tool

The American Institute of Mining, Metallurgical, and Petroleum Engineers
F. G. Loper
Organization:
The American Institute of Mining, Metallurgical, and Petroleum Engineers
Pages:
6
File Size:
455 KB
Publication Date:
Jan 1, 1967

Abstract

Simulation as a mathematical technique is not new. However, recent increases in digital computer speeds and the ease of programming with languages such as Fortran have centered a good deal of attention around simulation in the last few years. By ignoring all but the relevant characteristics of a process, a mathematical simulator may be constructed which, when fed operating data, should react as the process would. The output becomes numbers, instead of tons, however. Thus, a trial-and-error operation of such a simulator will permit management to study a major system change at little cost.
Citation

APA: F. G. Loper  (1967)  Simulation Techniques Pay Their Way As Management Tool

MLA: F. G. Loper Simulation Techniques Pay Their Way As Management Tool. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1967.

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