Monte Carlo simulation can be readily applied to asset pricing problems with multiple state variables and possible path dependencies because convergence of Monte Carlo methods is ...
We apply a Reactive Tabu Search (RTS) heuristic within a discrete-event simulation to solve routing problems for Unmanned Aerial Vehicles (UAVs). Our formulation represents this p...
Joel L. Ryan, T. Glenn Bailey, James T. Moore, Wil...
Business processes are increasingly key to the success of companies in the service industry. It is important that these processes are designed and maintained to deliver the most c...
Simon Dennis, Ben C. King, Martin Hind, Stewart Ro...
Simulation is used extensively by Caterpillar Logistics Services, Inc. (Cat Logistics) to determine an appropriate strategy for achieving clients' inventory and customer serv...
This paper describes the methodology of a finite capacity scheduling system which uses an objectoriented discrete event simulation as its engine. The scheduling system is develop...
Alexander J. Weintraub, Andrew Zozom Jr., Thom J. ...