Computer simulation has not been used on a professional scale until after World War II, and also then mostly for military uses like war games or simulations of atomic bomb explosions nowadays.
One of the first scientific papers on simulation has been published in the late 70s by Ören and Zeigler. They aggregate some fundamental knowledge about simulation and suggest an conceptual model for simulation, which I want to introduce today from the perspective of a supply chain
Yet another paper on risk mitigation strategies. This time: How to reduce risks by improving confidence. You can find the complete paper of today in the web.
Today I just want to highlight a short article from “The Conversation” blog at the Harvard Business Review for you to read. The article, which can be found here, was written by Harold Sirkin, senior parter at the Boston Consulting Group.
