Difference between revisions of "Simulation"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
Line 1: | Line 1: | ||
== Definition == | == Definition == | ||
− | '''Simulation''' is very general | + | '''Simulation''' is very general organizational (management) process or tool that aims to explore and analyse a real-world phenomenon (system, entity) through the imitation (emulation) of its governing rules and, hence, its response to varying scenarios. |
+ | |||
+ | In many cases simulation denotes a more specific statistical / mathematical concept that typically requires the use of mathematical models (representations of the key characteristics or behaviors of the system or process being studied). | ||
== See Also == | == See Also == | ||
* [[Monte-Carlo Simulation]] | * [[Monte-Carlo Simulation]] | ||
+ | * [[Digital Twin]] | ||
[[Category:Simulation]] | [[Category:Simulation]] |
Latest revision as of 21:02, 21 November 2022
Definition
Simulation is very general organizational (management) process or tool that aims to explore and analyse a real-world phenomenon (system, entity) through the imitation (emulation) of its governing rules and, hence, its response to varying scenarios.
In many cases simulation denotes a more specific statistical / mathematical concept that typically requires the use of mathematical models (representations of the key characteristics or behaviors of the system or process being studied).