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This contribution discusses experiments with many factors: the case study includes a simulation model with 92 factors ….The experiments are guided by sequential bifurcation.This method is most efficient and effective if the true input/output behavior of … the simulation model can be approximated through a first-order polynomial possibly augmented with two-factor interactions …
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This paper provides a survey of simulation in supply chain management.It reviews four types of simulation, namely … spreadsheet simulation, system dynamics, discreteevent simulation, and business games.Which simulation type should be applied … robustness analyses.This sensitivity analysis yields a shortlist of the truly important factors in large simulation models with …
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Many simulation practitioners can get more from their analyses by using the statistical theory on design of experiments ….Furthermore, we provide a research agenda listing problems in the design of simulation experiments -as opposed to real world … of a particular simulation model or system; (2) finding robust decisions or policies; and (3) comparing the merits of …
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This paper presents a behavioral finance model of the exchange rate. Agents forecast theexchange rate by means of very simple rules. They can choose between three groups offorecasting rules: fundamentalist, extrapolative and momentum rules. Agents using afundamentalist rule are not able to...
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