SIMULATION OF A MANUFACTURING SYSTEM TO IMPROVE BUSINESS

Abstract

Process simulation is a valuable tool in manufacturing. With the help of the simulation, system’s behavior can be learned and checked before its implementation. This What-if analysis can be done in a totally risk-free environment. It is low cost and faster analysis tool. Thus, management can take the correct decisions in this competitive market. The process can be simulated using software and results can be confirmed before implementation. In addition, simulation results can be validated by optimization techniques. The objective of this paper is to provide a comprehensive literature review on research efforts in simulation and optimization by search methods. A realworld case study demonstrates the ability of Simulation to improve business performance.