Blog

Risk management is the process of identifying, assessing, and controlling risks for a business. These risks could stem from a wide variety of sources and if an unforeseen event blindsides your business, it could sustain a financial loss. Simulation is a tool that helps identify potential risks and find ways to make your business resilient.

Connecting the tactical and operational activities of a company to an enterprise resource planning system, such as SAP, can be critical for success. Here, in this blog post, one steel manufacturer did this successfully.

The world’s leading automotive manufacturers use simulation modeling to optimize production line processes, improve scheduling, create forecasts, and integrate new technologies. Using simulation modeling helps them stay at the forefront of innovation and avoid costly mistakes.

Here are five case studies that highlight the different areas automotive manufacturers apply AnyLogic’s multi-method simulation modeling.

Monte Carlo simulation is a mathematical technique that provides accurate estimates when working with uncertainties. It uses randomness to obtain meaningful information and is effective for calculating business risks and predicting failures such as cost or scheduling overruns.

AnyLogic enables Monte Carlo simulation for highly complex systems. With multimethod modeling simulated systems can be complex, dynamic, and non-linear. The results from these simulation models can come from parallel processing and cloud computing and made available in a variety of ways, including via API and custom UI. Learn more...

ITC Infotech undertook work to optimize inventory keeping in complex asset intensive industries. By combining simulation, machine learning, and optimization, they demonstrated effective asset management and inventory optimization for rotable/repairable spares that balances service levels and inventory costs.

See how Kumar Sumit and his team at ITC Infotech used OptQuest optimization, Python, decision tree machine learning, and AnyLogic for repairables asset management optimization.

Imagine that you need to create a computer program. To do this, you have to hire developers, designers and testers, organize processes, draw up a development plan, constantly evaluate the performance of colleagues, and so on. The task quickly becomes complex. What are your chances of success if you are not a professional?

Here, the downloadable book chapter explores how to use simulation in project management. It gives practical examples from a logistics service provider and a construction company to support its ideas and the demo models from the chapter are open access, so that you can download them, disassemble, and consolidate your knowledge in practice.

Our white paper Developing Disruptive Business Strategies with Simulation investigates business strategy analysis, the role of simulation, and how different strategies can be evaluated.

Based on an AnyLogic Conference presentation by PwC, it draws on real-world examples to illustrate the use of simulation modeling in business strategy decision making. The white paper forms part of our series that focuses on the application of simulation modeling in business. Read on...

How McDonald's managed change with the help of HAVI and simulation modeling. A case study with presentation video.

As the largest restaurant chain by revenue and second by number of outlets, McDonald's is a market leader. To maintain its market success, the company pays close attention to customer preferences and regularly updates its menu. Small changes can have many knock-on effects, here we investigate their management.

London, May 25 – Digital twins at work. Simulation modeling experts, from multiple industrial disciplines, joined dseConsulting, HSSMi, and AnyLogic for an insightful event, rich with innovation. Here are the highlights and downloads.

A data hack also gave attendees the chance to use AI and simulation with AnyLogic simulation software.

Simulation modeling is proving invaluable to bringing the latest developments of Industry 4.0 into practical use and the event in London was a great example of this. Read the highlights and download the presentations…

Bringing the Airbus A350 to market was not simple. How did Airbus deliver a new design with new materials while keeping down costs?

Read on to see how adaptive management and agile manufacturing delivered success for Airbus...