develop two simulation-based methods to evaluate risky capital investment projects that involve managerial flexibility. Many … that faces supply and demand risk. In particular, the firm can source from two unreliable suppliers with different delivery … procurement cost. Further, we discuss the value of leadtime flexibility in supply risk mitigation and highlight the role of an …

provides a hybrid simulation methodology based on classical simulation paradigms combined with social network analysis for … organizational procedures either in real training systems or simulation models with validated data. As long as the organization … event simulation allows us to create entities that represent the data and resource flows within the organization. We propose …

risk, raise the cost of capital, and lower profits. To reduce these negative impacts, modern enterprise managers must be …

outputs would be assessed having regard to market expectations and probability profiling undertaken for use in simulation …

Simulation model is one of the methods commonly used in Operational Research in order to represent the real situation … different models used in simulation: system dynamic, agent based simulation and discrete event simulation. The aim of this paper … simulation method. The comparison of this paper also includes the classification of simulation model using taxonomy. Throughout …

Simulation model is one of the methods commonly used in Operational Research in order to represent the real situation … different models used in simulation: system dynamic, agent based simulation and discrete event simulation. The aim of this paper … simulation method. The comparison of this paper also includes the classification of simulation model using taxonomy. Throughout …

the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …

heating and individual motor car traffic. Result of this thesis is a simulation model based on the approach of system dynamics …

Trust is an underlying psychological condition that can cause cooperation or risk-taking. Trust is considered as a …