ABSTRACT
This chapter focuses on simulation and numerical techniques. Both techniques are extremely important in the investigation of dynamic systems. The chapter describes two popular simulation languages DYNAMO and Continuous System Modeling Program (CSMP), which facilitate the simulation of dynamic systems. The focal point of a simulation study is a logical and mathematical model that can be performed on a digital computer using iterations or successive trials. Associated equations are functional and algebraic identities which are used to obtain a clear structure for the simulation program. DYNAMO simulation programs have been applied extensively to business problems, and specific conventions are used in flow-charting DYNAMO programs over time. The quantitative and logical integration of the simulated random components of a model with the non-random elements provides a simulation cycle, corresponding to an experiment. The general format of the CSMP program is divided into three segments: initial, dynamic, and terminal.
