In this article I introduce my webshop for simulation model development experts. Being a simulation developer myself I have spent a lot of time developing simulation models from scratch. Sometimes I asked myself why no one has created a webshop…
In today’s post I will provide another example that shows how numba can speed up a numerical simulation. I apply the module to a monte-carlo simulation of stock price random walks. This is a popular monte-carlo simulation example and I…
An essential part of simulation modeling is simulation runtime. Large discrete-event simulation models and even medium-sized agent-based simulation models consume computational ressources and can have a very long runtime. This is especially true if the source code is fully written…
In this article I implement a monte-carlo animation using gganimate in R. In one of my previous posts I introduced monte-carlo simulation. Monte-carlo simulation is one of the widely applied simulation techniques in supply chain management and operations management. I…
Simulation is becoming increasingly popular for factory planning, process design, supply chain optimization and supply chain management. In this article I provide a basic overview and introduction of relevant simulation methods. It is important to point out that when choosing…