Maximizing simulation ROI with AutoMod

Simulation modeling and analysis requires an investment in human resources and software. And the rewards from using simulation are significant. Many companies fine tune their operations and reduce waste using simulation. But in the end, every time modeling and analysis are performed, a decision has to be made whether the simulation is "worth doing" (Waite 1999). In this paper we will enumerate how AutoMod has been used to improve return on investment (ROI) from simulation.