Simulation: A Powerful Tool for Analyzing Complex Systems
Simulation: A Numerical Technique for Experimentation
Simulation is a numerical technique used to conduct experiments on computers. These experiments involve mathematical and logical relationships that describe the behavior and structure of complex real-world systems over extended periods.
Steps in a Simulation Study
1. System Definition and Model Formulation
This initial stage involves defining the system to be studied and creating a model that represents its key components and interactions.
2. Data
Read MorePrinciples of Organization and Organizational Structures
Principles of Organization
Objective
Every activity within the organization should align with the company’s objectives and purpose. A role is justified only if it contributes to achieving these goals.
Expertise
An individual’s job should be focused on a single activity. Greater specialization leads to increased efficiency and skill.
Hierarchy
Establish clear lines of authority for communication and plan execution. Authority and responsibility should flow from top management to the lowest levels.
Parity
Read MoreEffective Business Communication: Types, Models & Techniques
School of Communication
Types of Communication
No Return or One-Way Communication
This type of communication involves no response and flows in one direction. Examples include TV and newspapers.
Bidirectional Communication
This type of communication circulates in both directions between a sender and receiver. It helps clarify the meaning of the message and is more direct and complex.
Multidirectional Communication
This type of communication circulates in more than two directions and between more than two
Read MoreSoftware Testing & Re-engineering: A Comprehensive Guide
Software Testing
Advantages of Unit Testing
Unit testing isolates program components to verify correctness. Key advantages include:
- Encourages Change: Facilitates code improvements and refactoring with confidence.
- Simplifies Integration: Increases confidence in code functionality, easing integration testing.
- Documents the Code: Tests serve as practical examples of code usage.
- Separation of Interface and Implementation: Enables independent modification of interfaces and implementations.
- Error Isolation:
Critical Systems: Reliability, Availability, and Safety in Software Engineering
Introduction
Familiarization with system failure
- Systems collapse without an apparent reason
- Failures can cause damage
- We take steps to overcome the lack of confidence
- Backups
The higher the confidence level, the higher the cost.
The greater the trust, the lower the performance.
- Verification of the states
- Disaster Recovery
Trust is sometimes more important than performance.
Critical Systems
When a failure may cause:
- Economic losses
- Physical or environmental damage
- Risks to human life
The cost of a system failure
Read MoreZara’s Strategic Direction & Competitive Challenges in the 21st Century
Company’s Response: The Strategic Direction
Concept of Strategy
There are multiple definitions of strategy, but its formulation is based on five basic ideas:
- Strategy is an ongoing relationship between the company and its environment.
- Strategy is a response to the expectations of stakeholders, which are specified in the definition of a mission and long-term goals.
- Strategy is a decision model that establishes policies, short-term objectives, actions, and allocation of resources needed to fulfill the