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Hands-On Simulation Modeling with Python

You're reading from   Hands-On Simulation Modeling with Python Develop simulation models to get accurate results and enhance decision-making processes

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Product type Paperback
Published in Jul 2020
Publisher Packt
ISBN-13 9781838985097
Length 346 pages
Edition 1st Edition
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Author (1):
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Giuseppe Ciaburro Giuseppe Ciaburro
Author Profile Icon Giuseppe Ciaburro
Giuseppe Ciaburro
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Table of Contents (16) Chapters Close

Preface 1. Section 1: Getting Started with Numerical Simulation
2. Chapter 1: Introducing Simulation Models FREE CHAPTER 3. Chapter 2: Understanding Randomness and Random Numbers 4. Chapter 3: Probability and Data Generation Processes 5. Section 2: Simulation Modeling Algorithms and Techniques
6. Chapter 4: Exploring Monte Carlo Simulations 7. Chapter 5: Simulation-Based Markov Decision Processes 8. Chapter 6: Resampling Methods 9. Chapter 7: Using Simulation to Improve and Optimize Systems 10. Section 3: Real-World Applications
11. Chapter 8: Using Simulation Models for Financial Engineering 12. Chapter 9: Simulating Physical Phenomena Using Neural Networks 13. Chapter 10: Modeling and Simulation for Project Management 14. Chapter 11: What's Next? 15. Other Books You May Enjoy

Classifying simulation models

Simulation models can be classified according to different criteria. The first distinction is between static and dynamic systems. So, let's see what differentiates them.

Comparing static and dynamic models

Static models are the representation of a system in an instant of time, or representative models of a system in which the time variable plays no role. An example of a static simulation is a Monte Carlo model.

Dynamic models, on the other hand, describe the evolution of the system over time. In the simplest case, the state of the system at time t is described by a function x (t). For example, in population dynamics, x (t) represents the population present at time t. The equation that regulates the system is dynamic: it describes the instantaneous variation of the population or the variation in fixed time intervals.

Comparing deterministic and stochastic models

A model is deterministic when its evolution, over time, is uniquely determined by its initial conditions and characteristics. These models do not consider random elements and lend themselves to be solved with exact methods that are derived from mathematical analysis. In deterministic models, the output is well determined once the input data and the relationships that make up the model have been specified, despite the time required for data processing being particularly long. For these systems, the transformation rules univocally determine the change of state of the system. Examples of deterministic systems can be observed in some production and automation systems.

Stochastic models, on the other hand, can be evolved by inserting random elements into the evolution. These are obtained by extracting them from statistical distributions. Among the operational characteristics of these models, there is not just one relationship that fits all. There's also probability density functions, which means there is no one-to-one correspondence between the data and system history.

A final distinction is based on how the system evolves over time: this is why we distinguish between continuous and discrete simulation models.

Comparing continuous and discrete models

Continuous models represent systems in which the state of the variables changes continuously as a function of time. For example, a car moving on a road represents a continuous system since the variables that identify it, such as position and speed, can change continuously with respect to time.

In discrete models, the system is described by an overlapping sequence of physical operations, interspersed with inactivity pauses. These operations begin and end in well-defined instances (events). The system undergoes a change of state when each event occurs, remaining in the same state throughout the interval between the two subsequent events. This type of operation is easy to treat with the simulation approach.

Important Note

The stochastic or deterministic, or continuous or discrete, nature of a model is not its absolute property and depends on the observer's vision of the system itself. This is determined by the objectives and the method of study, as well as by the experience of the observer.

Now that we've analyzed the different types of models in detail, we will learn how to develop a numerical simulation model.

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Hands-On Simulation Modeling with Python
Published in: Jul 2020
Publisher: Packt
ISBN-13: 9781838985097
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