Simulation Techniques Pay Their Way As Management Tool

- 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:
(1967) Simulation Techniques Pay Their Way As Management ToolMLA: Simulation Techniques Pay Their Way As Management Tool. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1967.