More on factorial designs and simulation
Factorial designs and simulation: apparently Professor Barlas is teaching it in Istanbul!
For the analytically-minded among you, I'd note that MCSim, coupled with a bit of infrastructure you can develop, can make running small factorial experiments (up to a few hundred runs) a fairly quick and painless task. That includes their development, their execution, and their analysis. If a system dynamics model is deterministic, as many are, there's no need for replication.
You can see a simple example in my upcoming TAFTO contribution. I was pleased at the way in which a factorial design approach enabled me to generate and see useful results from a relatively simple model.
For the analytically-minded among you, I'd note that MCSim, coupled with a bit of infrastructure you can develop, can make running small factorial experiments (up to a few hundred runs) a fairly quick and painless task. That includes their development, their execution, and their analysis. If a system dynamics model is deterministic, as many are, there's no need for replication.
You can see a simple example in my upcoming TAFTO contribution. I was pleased at the way in which a factorial design approach enabled me to generate and see useful results from a relatively simple model.
Labels: decision making, making sense, problem solving, simulation, thinking, work

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