Simulation Results Presentation: Key Elements for Management
What information should be included when presenting simulation results to management?
How should the study be conducted, and what numerical data and documentation should be provided?
Key Elements for Presenting Simulation Results to Management
When simulation results are presented to management, it is crucial to provide detailed information on how the study was conducted, numerical data from the simulation, and documentation of the simulation model. This comprehensive approach ensures transparency and a thorough understanding of the results.
First and foremost, the presentation should include a clear explanation of the methodology used in the simulation study. This involves outlining the objectives of the study, the assumptions made during the simulation, and any limitations of the model. By providing this information, management can grasp the context in which the simulation was conducted.
Secondly, the numerical data generated from the simulation should be presented. This data encompasses the input parameters used in the simulation, the resulting output data, and any statistical analysis performed on the data. By showcasing these numerical results, management can evaluate the performance of the simulation and understand its implications for the business.
Lastly, documentation of the simulation model should be included in the presentation. This documentation can take the form of flowcharts, diagrams, or written descriptions that illustrate the processes and interactions within the model. By offering a visual representation and detailed explanation of the model's logic and functionality, management can assess the validity and utility of the simulation results in making informed decisions.
Detailed Explanation of Key Elements
When presenting simulation results to management, it is essential to provide a step-by-step overview of the study's methodology. This should include a breakdown of the study's objectives, the underlying assumptions, and any constraints or limitations that may affect the validity of the simulation results.
Next, the presentation should delve into the numerical data generated by the simulation. This data comprises the input parameters fed into the simulation, the resulting output data, and any statistical analyses performed on the data to validate its accuracy and reliability.
Furthermore, providing documentation of the simulation model is crucial for enabling management to visualize the processes and interactions within the model. Flowcharts, diagrams, or written descriptions can help illustrate the logic and functionality of the simulation, enabling management to assess the model's credibility and relevance to decision-making.
By including these key elements in the presentation of simulation results to management, organizations can ensure transparency, enhance understanding, and facilitate informed decision-making based on reliable simulation data.