MONTE CARLO Simulation and AGENT-BASED Modeling (ABM) in Military Decision-Making

William P. Fox and Robert Burks
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William P. Fox: College of William and Mary
Robert Burks: Naval Postgraduate School

Chapter Chapter 8 in Applications of Operations Research and Management Science for Military Decision Making, 2019, pp 395-453 from Springer

Abstract: Abstract Consider a maintenance company that conducts vehicle inspections for a specific post. We have data for times of vehicle arrivals and departures, service times for inspectors under various conditions, numbers of inspection stations, and penalties levied for failure to meet state inspection standards in terms of waiting time for customers. The company wants to know how it can improve its inspection process in order to both maximize its profit and minimize the penalties it receives. This type of analysis for a complex system has many variables, and we could use a computer simulation to model this operation.

Date: 2019
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DOI: 10.1007/978-3-030-20569-0_8

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