Accession Number:

ADP000611

Title:

The Economics of Simulation,

Descriptive Note:

Corporate Author:

ARMY FIELD ARTILLERY SCHOOL FORT SILL OK

Report Date:

1973-01-01

Pagination or Media Count:

16.0

Abstract:

This paper presents the methodology and preliminary results of a study of the economics of stochastic, discrete-event simulations. The point of view taken is that of the manager who, faced with a large problem, must ask two interrelated questions Should I use simulation as my method of solution and If I simulate, how should I do so It has been our observation that for large-scale simulations--which are arbitrarily defined as those which require more than 2 man-years for development or run for more than 15 minutes on an IBM 36050--the initial decision is often made quite casually. The thesis of this paper is that conduct of a cost-benefit analysis of the simulation aids in the decision-making process. Author

Subject Categories:

Distribution Statement:

APPROVED FOR PUBLIC RELEASE