Simulation in practice: challenges of introducing simulation as a decision making tool
Proceedings of the 33nd conference on Winter simulation
Tips for successful practice of simulation: tips for successful practice of simulation
Proceedings of the 35th conference on Winter simulation: driving innovation
Determining the ROI for simulation, panel: increasing return on investment from simulation (panel)
Proceedings of the 35th conference on Winter simulation: driving innovation
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Many organizations know the benefits of simulation and desire to add this business intelligence to their organization's process improvement toolkit. However, challenges exist that prevent these organizations from actually executing and successfully bringing simulation into their organization. From the lack of the right model building resources to missing upper management support to not having robust software, simulation initiatives can dwindle for various reasons. This paper will address why simulation is important, what makes a good project, who should build the model, the expected return as well as common pitfalls. Practical advice for organizations serious about developing internal expertise and conducting simulation projects will be provided.