Identify And Explain The Importance Of Advanc Simulation

In the past few years, manufacturing companies have been competing in an increasingly dynamic environment. Among them, small and medium-sized businesses are increasing considerably, innovations are on the rise and product-life cycles are getting shorter. For this reason, companies need to devote more effort and resources in order to be able to compete in a highly competitive market and to continue to generate profit, as this is increasingly necessary to reduce the cost of production.

Despite availability of different tools and techniques proposed for manufacturing industry, it has been reported that manufacturers are usually facing significant practical problems when trying to model in detail the way they operate or to implement changes in existing environments. A very useful tool that helps avoid unnecessary expenses and also gives an idea of the possible effectiveness of systems in

Because of these uses of simulation, if a good simulation is carried out, it can improve effectiveness in production. This is a key competitive advantage for a company, since planning and implementation of production is becoming strategically important within companies and may cause the business to acquire a competitive advantage. Information provided by the simulation models are based on input data. Therefore, it is very important that the variables are analysed properly and that input data are reliable. In the same way, a comprehensive knowledge of statistics is necessary to interrupt output data