A summary of basic simulation concepts discussed in the GoldSim Tutorial is provided below:
•Simulation is the process of creating a model of an existing or proposed system in order to identify and understand the factors that control the system, or to predict the future behavior of the system.
•In a static simulation, the system model does not change with time.
•In a dynamic simulation, the system model changes and evolves with time.
•Deterministic simulation often represents "the best guess" or "worst case" input values.
•Probabilistic simulation represents uncertainty by specifying some inputs as probability distributions.
•Simulation is a powerful and important tool because it provides a way in which alternative designs, plans and/or policies can be evaluated without having to experiment on a real system.