Venture simulation

These demand forecasts developed through the application of network models are only a first step in establishing an overall planning model such as a venture simulator. There have been numerous presentations (I, 2) of these more complex simulation systems in the past, and for a new product in a new market, a venture simulation as outlined in Figure 2 provides a useful means of evaluating the outlook for such a project. This approach involves the development of a series of simulation models which when complete contain at least four sectors ... 

Venture Simulations Ltd, South Newlands, York Y019 6QR, UK e-mail petta simventme.eo.uk... 

Wherever possible, these research reports are published within the Resource Library of the SimVenture website www.simventure.co.uk so findings can be shared. To complement this body of work, Venture Simulations has also carried out its own student impact research using on-line surveys (2009 and 2010). Research results have consistently demonstrated a number of important impacts on smdent learning. 

Venture Simulations Ltd summary student impact study of SimVenture as a learning resource. http //simventure.co.uk/sites/default/files/ResearcliExecutiveSummary.pdf. 

The final measure of merit of a given process is the profitability of the business venture required for its implementation. The purpose of the ASPEN Cost Estimation and Economic Evaluation System is to calculate the profitability of the simulated process. This requires calculation of the total required capital investment and the annual operating expenses. 

Regalado, A. Re-engineering drug development. I simulating clinical trials. Start Up Windhover s Review of Emerging Medical Ventures 1998, 13-18. 

This search for ever-increasing efficiency has led to ingenious simulation algorithms, some of which are fairly removed from reality in that molecules are broken and reconnected, hypothetical and often unphysical thermodynamic paths are constructed, the natural fluctuations of a system are arbitrarily enhanced or suppressed, molecules are created or destroyed, etc. Indeed, half-Jokingly one could almost venture that the efficiency of a Monte Carlo method is inversely proportional to its resemblance to reality. Just as Monte Carlo methods have evolved, however, the power of computers has been steadily increasing it is conceivable that simulators will eventually return to simpler and more transparent simulation techniques that were not possible on smaller and slower machines. 

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