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In business simulation games players receive a description of an imaginary business and an imaginary environment and make decisions – on price, advertising, production targets, etc. – about how their company should be run. A business game may have an industrial, commercial or financial background (Elgood, 1996).
STELLA - system dynamics and discrete event modeling software for business strategy, public policy, and education. Developed by isee systems. Developed by isee systems. TRNSYS - software for dynamic simulation of renewable energy systems, HVAC systems, building energy use and both passive and active solar systems.
Another similar example of a business simulation (that models a startup business) is "SimVenture Classic". Trevor Chan is a notable developer of business simulation games, [9] having developed the 1995 game Capitalism, which has been described as the "best business simulation game". [1] A sequel, entitled Capitalism II, was released in 2001.
The computer simulates the subject machine. Accordingly, in theoretical computer science the term simulation is a relation between state transition systems, useful in the study of operational semantics. Less theoretically, an interesting application of computer simulation is to simulate computers using computers.
Simulation software is based on the process of modeling a real phenomenon with a set of mathematical formulas.It is, essentially, a program that allows the user to observe an operation through simulation without actually performing that operation.
In business, training simulation [aka Simulation Training] is a virtual medium through which various types of skills can be acquired. [1] Training simulations can be used in a variety of genres; however they are most commonly [2] used in corporate situations to improve business awareness and management skills. They are also common in academic ...
Modeling and simulation (M&S) is the use of models (e.g., physical, mathematical, behavioral, or logical representation of a system, entity, phenomenon, or process) as a basis for simulations to develop data utilized for managerial or technical decision making.
Simulation video games are a diverse super-category of video games, generally designed to closely simulate real world activities. [1] A simulation game attempts to copy various activities from real life in the form of a game for various purposes such as training, analysis, prediction, or entertainment.