Component-based Computer Simulation
Computer simulation methods are widely used in OR and management science to tackle problems that are not amenable to direct mathematical analysis. Simulation models mimic the behaviour of a system through time and this behaviour is often stochastic.
The main challenge currently facing simulation researchers is to find ways to harness computer power so that valid models can be produced quickly. One way to do this is to develop simulation applications from sets of components that are plugged together for particular purposes. The application may be assembled from components that reside on a local PC or are distributed on the Internet. Related research possibilities include:
- Developing financial models that support component-based simulation
- Assessing the suitability of different component-based architectures
- Finding new ways to exploit computing developments for component-based simulation
- Assessing the value of this approach in application areas such as health care, manufacturing and logistics.
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