Modeling and simulation for enterprise decision-making: Successful projects and approaches

Noha Ramadan, Racha Ajami, Nader Mohamed, Sanja Lazarova-Molnar

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    2 Citations (Scopus)

    Abstract

    Decision-making in enterprises holds different possibilities for profits and risks. Due to the complexity of decision making processes, modeling and simulation tools are being used to facilitate them and minimize the risk of making wrong decisions in the various business process phases. In this paper, we highlight the role of modeling and simulation in enhancing decision-making processes in enterprises. In addition, we show some techniques that helped enterprises in reaching effective and efficient decisions by adopting modeling and simulation tools.

    Original languageEnglish
    Title of host publicationIEOM 2015 - 5th International Conference on Industrial Engineering and Operations Management, Proceeding
    PublisherInstitute of Electrical and Electronics Engineers Inc.
    ISBN (Electronic)9781479960651
    DOIs
    Publication statusPublished - Apr 23 2015
    Event5th International Conference on Industrial Engineering and Operations Management, IEOM 2015 - Dubai, United Arab Emirates
    Duration: Mar 3 2015Mar 5 2015

    Publication series

    NameIEOM 2015 - 5th International Conference on Industrial Engineering and Operations Management, Proceeding

    Other

    Other5th International Conference on Industrial Engineering and Operations Management, IEOM 2015
    Country/TerritoryUnited Arab Emirates
    CityDubai
    Period3/3/153/5/15

    Keywords

    • Cloud computing
    • Decision making process
    • enterprise systems
    • modeling and simulation

    ASJC Scopus subject areas

    • Industrial and Manufacturing Engineering
    • Management Science and Operations Research

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