Why use simulation?

Simulation is a powerful tool used to replicate the behavior of real-world systems or processes in a controlled environment. It allows decision-makers to test different scenarios and evaluate potential consequences before implementing changes in the real world. Simulation offers a cost-effective way to analyze and optimize complex systems, and it can be used in a variety of domains, including manufacturing, healthcare, logistics, and finance. It also allows for training and skill development in high-risk environments without putting people at risk. In short, simulation is a valuable tool for decision-making, experimentation, and risk assessment, making it a worthwhile investment for many organizations.

This mind map was published on 3 May 2023 and has been viewed 53 times.