Who hasn't prepared a spreadsheet to analyze some sort of uncertain situation - usually a financial projection or other financial analysis? It usually has a few inputs; one important output - profit or NPV; and it comes in three flavors: "Best Case", "Worst Case" and "Expected Case".
Imagine that same spreadsheet on steroids.
Imagine not just a few variable inputs for your model, but as many as you can describe.
Imagine that the inputs are defined by probability distributions, not just "best case" and "worst case" guesses. Imagine that you can test as many outputs as you want and they, too, will be described by probability distributions.
Now imagine that you can run five hundred iterations of your model in a matter of seconds, or five thousand iterations in a matter of minutes, or five million iterations in a matter of hours. And when you're finished, you'll have solid statistical support for your conclusions.
Do you want to estimate the probability that the project will deliver a profit? The answer will be right in front of you. Do you want to know which inputs have the greatest effect (positive or negative) on your desired outcomes? Our sensitivity analysis will put the answer right on your desk. Best of all, you can change or modify your business rules and conditions - and run the simulation again to see if you can improve your results.
Real-world testing without real-world costs and real-world risks. Optimized business rules that will improve your business. Balanced Scorecard measures that have been pre-tested to be sure that your resources are properly aligned and working together to realize your strategic vision.
Are your competitors creating simulations to improve their business?
Simulation Modeling Examples
We will be adding examples to display the power of simulation modeling.
Please come back later and use the links to view the documents.