Simulation-Based Performance Analytics

Download this report to learn the powerful combination of analytics and simulation modeling to improve business processes and decision effectiveness.

Improved Decision-Making via use of Simulation Modeling

Analytics exploits information to identify patterns, create possible change scenarios, make predictions about the future, and prescribe actions based on predicted results. Analytics is the key to successfully driving changes in people, processes, and business systems. With rapid modeling simulation tools, companies can use simulation modeling as an analytics tool for predicting what can or will happen as a result of decisions across the enterprise. The role of simulation is expanding to exploit information and predict the impact of change at all levels of the business. In addition, new tools and techniques have recently enabled non-technologists to unlock the power of simulation modeling in their day-to-day business operations.

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Tabu Search

Tabu Search, also called Adaptive Memory Programming, is a method for solving challenging optimization problems in the fields of business, engineering, economics and science. Everyday examples include practical applications in resource management, financial and investment planning, healthcare systems, energy and environmental policy, pattern classification, biotechnology and a host of other areas. Tabu search has emerged as one of the leading technologies for handling real-world problems that have proved difficult or impossible to solve with classical procedures.

Optimizing AI/ML Hyperparameters with SimWrapper and OptQuest

Download our report to see how SimWrapper and OptQuest can be used to optimally tune hyperparameters for your AI/ML models.