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H. Krasnow, R. Merikallio (1964)
The Past, Present, and Future of General Simulation LanguagesManagement Science, 11
K. Tocher (1965)
Review of Simulation LanguagesJournal of the Operational Research Society, 16
Quantitative problems frequently arise in production systems which cannot be solved by the standard Operational Research techniques. In such cases, a simple mathematical model can sometimes be built which simulates the real problem and enables a manager to find out what would be the effect of different policies. This paper describes how simulation was used to improve profitability in a textile company.
Managerial Finance – Emerald Publishing
Published: Mar 1, 1978
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