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GoldSim

GoldSim. By: Siobahn Day. Introduction.

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GoldSim

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  1. GoldSim By: Siobahn Day

  2. Introduction • GoldSim is a powerful and flexible platform for visualizing and dynamically simulating nearly any kind of physical, financial or organizational system. You build a model in an intuitive manner by literally drawing a picture (an influence diagram) of your system. In a sense, GoldSim is like a "visual spreadsheet" that allows you to graphically create and manipulate data and equations. GoldSim moves beyond spreadsheets, however, by making it much easier for you to evaluate how systems evolve over time, and predict their future behavior.

  3. Features • Quantitatively address the inherent variability and uncertainty that is present in real-world systems (using Monte Carlo simulation). • Superimpose the occurrence and consequences of discrete events onto continuously varying systems. • Build top-down models using hierarchical containers that facilitate the simulation of large, complex systems while keeping them easy to understand and navigate. • Dynamically link external programs or spreadsheets directly into your GoldSim model.

  4. Features Continued • Directly exchange data between any ODBC-compliant database and your GoldSim model. • Insert graphics, notes and hyperlinks (to documents, websites, and presentations) in order clearly explain your model to diverse audiences. • Create custom designed graphical interfaces (called dashboards) to explain and demonstrate your models using the GoldSim Dashboard Authoring Module. • Optimize your dynamic simulation models by finding the values of decision variables that produce the optimal results.

  5. Examples • The objects represent the features, processes and events controlling the system that you are simulating. In a sense, GoldSim is like a "visual spreadsheet" allowing you to visually create and manipulate data and equations. As can be seen in the example shown above, based on how the various objects in your model are related, GoldSim automatically indicates their influences and interdependencies by visually connecting them in an appropriate manner.

  6. Conclusion • As you can see GoldSim is very valuable and a brilliant simulation software. It has many different capabilities and is very user friendly. This software has truly been an asset to me and helped me broaden my skills in system simulation and software.

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