Accession Number ADA575259
Title Exponential Expansion of Simulation in Research.
Publication Date Dec 2012
Media Count 13p
Personal Author M. J. Powers S. M. Sanchez T. W. Lucas
Abstract Simulation has overcome critical obstacles to become a valuable method for obtaining insights about the behavior of complex systems. George Box's famous assessment that 'all models are wrong, some are useful' referred to statistical models, but should now be reimagined to reflect that many simulation models are 'right enough' to aid in decision making for important practical problems. Over the past fifty years, simulation has transformed from its beginnings as a brute-force numerical integration method into an attractive and sophisticated option for decision makers. This is due, in part, to the exponential growth of computing power. Although other analytic approaches also benefit from this trend, keyword searches of several scholarly search engines reveal that the reliance on simulation is increasing more rapidly. A descriptive analysis paints a compelling picture: simulation is frequently a researcher's preferred method for supporting decision makers and may often be the 'first resort' for complex real world issues.
Keywords Decision making
Exponential functions
Linear programming
Numerical integration
Optimization
Search engines
Simulation
Statistical analysis


 
Source Agency Non Paid ADAS
NTIS Subject Category 72B - Algebra, Analysis, Geometry, & Mathematical Logic
62B - Computer Software
Corporate Author Naval Postgraduate School, Monterey, CA. Dept. of Operations Research.
Document Type Technical report
Title Note Conference paper.
NTIS Issue Number 1319
Contract Number N/A

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