Introduction to the art and science of simulation
Proceedings of the 30th conference on Winter simulation
Designing simulation experiments
Proceedings of the 31st conference on Winter simulation: Simulation---a bridge to the future - Volume 1
Simulation Using Promodel
Using simulation software to solve engineering economy problems
Computers and Industrial Engineering - Special issue: Selected papers from the 25th international conference on computers & industrial engineering in New Orleans, Louisiana
Validation and verification of simulation models
WSC '04 Proceedings of the 36th conference on Winter simulation
How to build valid and credible simulation models
WSC '05 Proceedings of the 37th conference on Winter simulation
Design and Analysis of Experiments
Design and Analysis of Experiments
State-of-the-Art Review: A User's Guide to the Brave New World of Designing Simulation Experiments
INFORMS Journal on Computing
Work smarter, not harder: guidelines for designing simulation experiments
Proceedings of the 39th conference on Winter simulation: 40 years! The best is yet to come
Application of design of experiments on the simulation of a process in an automotive industry
Proceedings of the 39th conference on Winter simulation: 40 years! The best is yet to come
Proceedings of the 40th Conference on Winter Simulation
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This paper presents an application of the modeling and simulation methodology along with the Design of Experiments (DOE) to aid the decision makers to know the economic risk they are taking when there are many scenarios. Firstly, the production process was studied and documented by a SIPOC, an IDEF0 and a Flowchart. These techniques were combined to elaborate the simulation conceptual model. After that, the probability distributions were chosen and fed the computer model, built to emulate the real system. The simulation model was verified and statistically validated. Sixty four possible scenarios were tested, and in this case, the DOE may contribute to select the scenarios which are relevant to the economic analysis. The simulator used was Promodel® which provided the output to fed the cash flow of each scenario. Finally, the Net Present Value (NPV) and the economic risk of each scenario were calculated.