REALTIME PREDICTIVE AND PRESCRIPTIVE ANALYTICS WITH REAL-TIME DATA AND SIMULATION - This paper discusses the reusability and extensibility of simulation models and their roles in predictive and prescriptive analytics using real time data connectivity...

Logistics management requires careful planning and implementation in order to effectively deliver a product from a point of origin to its destination in order to meet the needs of the consumer. Because logistical mistakes can often be costly for all parties involved, it is important to analyze and optimize logistics systems. Simcad Pro's patented dynamic simulation technology allows users to create complex and intricate warehouses, manufacturing plants and transportation centers in order to encompass the full system, without the need to write code.

With the CAD layout imported into the model, users are able to make changes to pathways and distances to see how these changes effect the over efficiency of document flow. As changes are made, users can see the results immediately, allowing them to see if the changes have improved the flow or if additional changes and modifications need to be made.

Monte Carlo simulations can be used to study the variability of the model and determine the model behavior boundaries along with the expected performance. In simulation models that contain variable failure rates, variable processing rates at each stations, and variable inputs, Monte Carlo simulation runs can be a tremendous asset to any organization in order to understand the intricate behavior of the model environment. Simcad Pro created models benefit from the fact that Simcad Pro integrates all the tools required to run and analyze Monte Carlo simulations quickly and effectively. Coupled with the patented On-the-fly dynamic model updates, Simcad Pro provides an unprecedented simulation environment unmatched in the industry.