Tag Archives: cost avoidance

Simulation: operational definition and benefits

Simulation is the imitation of the behavior of some process, system, or entity from a real-life domain. This imitation is carried out based on a model, which is typically built and then run on one or more computers.  This is why the field is actually called modeling and simulation, and is often referred to as M&S.

Interestingly, a simulation can be built of something that does not yet exist, as a means of testing new ideas.

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