Paper Info
Title
Towards a theory of economic value for modeling and simulation: incremental cost of parallel simulation (wip).
Abstract
A useful perspective on the economic value of simulation in engineering comes from considering the role simulation plays in constructing a system. We propose a conceptual model that combines an embryonic concept of the value of an information bit with cost estimation tools used in software engineering. The model provides an economic justification for the common conception that models should be built to address specific questions rather than to comprehensively represent a referent system. Extending these ideas, we offer a model for the incremental value of parallel execution to explain why simulation applications that take advantage of sophisticated parallel discrete event simulation tools form a relatively narrow niche despite the ubiquity of parallel computing hardware. The proposed model enables us to bring value of information criteria into model development and to make predictions about the future of parallel simulation applications.
Year
Venue
Keywords
2018
THEORY OF MODELING AND SIMULATION SYMPOSIUM (TMS 2018)
simulation,economics,value of information,parallel computing,Parallel DEVS
Field
DocType
Citations 
Parallel simulation,Industrial engineering,Conceptual model,Computer science,Modeling and simulation,Referent,Marginal cost,Cost estimate,Value of information,Discrete event simulation
Conference
0
PageRank 
References 
Authors
0.34
5
2
Name
Order
Citations
PageRank
James J. Nutaro14310.11
B. Zeigler21035188.72