Seven panelists, all simulation consultants, give their view of the future of simulation. There is some consistency in the views with four areas being mentioned by three of the pa...
Over the last two decades, simulation of construction operations has gained momentum in its ability to provide solutions and understand complex problems. However, there still rema...
For complex systems, traditional methods of experiencebased design are ineffective: the design task must be supported by simulations. Conceptual design and system-level detailed d...
This paper reviews the use of Monte Carlo simulation in the field of financial engineering. It focuses on several interesting topics and introduces their recent development, inc...
We assume the existence of a parameterized family of control variates that could be used in a regenerative steady-state simulation. We show how such controls can be generated in t...