Determining the ROI for simulation, panel: increasing return on investment from simulation (panel)

Authors:
Randall Gibson;D. J. Medeiros;Andrew Sudar;Bill Waite;Matthew W. Rohrer
Affiliations:
Automation Associates Inc., Solana Beach, CA;Penn State University, University Park, PA;Rockwell Automation, Sewickley, PA;The AEgis Technologies Group, Inc., Huntsville, AL;Brooks Automation, Salt Lake City, UT
Venue:
Proceedings of the 35th conference on Winter simulation: driving innovation
Year:
2003

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Abstract

Growth in the use of simulation technology has been less than expected. Today there are still many applications that could benefit from simulation, but that do not use it. As companies decide whether to use simulation, they need to consider the investment and all possible benefits. In this panel, four simulation professionals from academia and industry answer two questions about Return on Investment (ROI) and simulation.