Modelling & Simulation (ME0316) : Dr. Santhosh Kumar Gugulothu Assistant Professor Mechanical Engineering Department
Modelling & Simulation (ME0316) : Dr. Santhosh Kumar Gugulothu Assistant Professor Mechanical Engineering Department
Modelling & Simulation (ME0316) : Dr. Santhosh Kumar Gugulothu Assistant Professor Mechanical Engineering Department
(ME0316)
b) Numerical
The external components which interact with the system and produce
necessary changes are said to constitute the system environment.
Easy to understand
Easy to test
Easy to upgrade
Disadvantages:
Operations are performed on the system using random number. Hence it is difficult
to predict results.
Developing Simulation Model:
Problem:
Simulation model consist of the following components, i.e., system
entities, input variables, Performance measures and functional
relationships.
Steps:
Identify the problem with an existing system or set requirements of
a proposed system.
Design the problem with taking care of the existing system factors
and limitations
Collect and start processing the system data, observing its
performance and result.
Develop the model using network diagrams and verifying using
various verification technique.
Validate the model by comparing its performance under various
conditions with the real system.
Create a document of the model for future use which
includes objectives, assumptions, input variables and
performance in detail.
It is a form of financial modeling that includes one or more random variables.
The purpose of such modeling is to estimate how probable outcomes are within a forecast to
This is a powerful forecasting model that can be used to great effect for investing and
Random Variable (X) = Possible values (0 & 1), Random events (Head & Tail)
X = {0,1}