What is

What is Optimization?

Optimization performs experiments to find better ways to achieve the results you desire. Typically, most people use  tools to predict...

What is a Model Object?

A model object is a no-code method of representing complex behaviors usually requiring expert modeling skill. In addition, a model...

What is Confidence Interval?

A range of values so defined that there is a specified probability that the value of a parameter lies within...

What is a Cause and Effect Diagram?

The Cause and Effect diagram identifies many possible causes for an effect or problem. It can be used to structure a...

What is Central Limit Theorem?

In probability theory, the central limit theorem (CLT) states conditions under which the mean of a sufficiently large number of independent random...

What is a Balanced Scorecard?

The balanced scorecard is a strategic management system used to drive performance and accountability throughout the organization. The scorecard balances traditional...

What is Anderson-Darling Normality Test?

The Anderson-Darling test is used to test if a sample of data came from a population with a specific distribution. It is...

What is Hierarchical Modeling?

Hierarchical modeling is a modeling approach in which one activity in a model represents entire process. These processes are defined...

What are the main elements used to build models?

Elements used in model building Entities Entities are the items being processed: calls, bug fixes, people, paperwork, electronic records, repair...

What Information is Needed for Simulation

Almost all models require the same basic information. The information below is an outline to help you know what to...

What is the Fastest Method to Build a Model?

There are two main model types. First, the traditional model uses distributions to represent most timings in the model. The...

What are the keyboard shortcuts for the action logic window?

Keyboard shortcuts for the action logic window. Command Key Magnify text size. Ctrl+Keypad+ Reduce text size. Ctrl+Keypad- Restore text size...

What is a Triangular Distribution?

The Triangular distribution is a continuous distribution bounded on both sides. It starts at the minimum value, increases linearly to peak...

What is a Uniform Distribution?

The Uniform distribution is a continuous distribution bounded on both sides. Its density does not depend on the value of x....

What are the Best Practices for Model Building?

A best practice is a way or method of accomplishing a business function or process that is considered to be superior...