CENTRAL Exchange - Tracking Efficacy of Simulation Based Decision Support Systems

Wednesday 27 November 2019, 1:00pm to 2:00pm

Venue

Charles Carter A02 - View Map

Open to

Alumni, Postgraduates, Staff

Registration

Registration not required - just turn up

Event Details

CENTRAL Exchange

Abstract:

The traditional use of simulation in Operational Research is in system design, either for studying systems or making tactical and strategic level decisions. This has been mirrored in the aims of simulation optimisation. In this case, once a decision has been made, the simulation will not be used again. It almost becomes irrelevant whether the simulation did a good job or not, as the stakeholders must make the best of the decision made. In the last 20 years, simulation (and simulation optimisation) has been used for operational decisions in Decision Support Systems. The model is reused repeatedly. So if the simulation is consistently producing poor predictions due to some systematic error, the results could be very costly. Thus, detecting this discrepancy becomes important. Due to natural variability in the system and simulation, this is not a trivial problem. It is complicated further by the decisions being heterogeneous and only getting one observation from the real world. This talk will present early work on a method for detecting systematic error in a simulation using a series of decisions.

Contact Details

Name Teresa Aldren
Email

t.aldren@lancaster.ac.uk

Telephone number

+44 1524 510906