The Review of Simulation for Business Organizations Problems and Applications

This paper is to show the general explanations about simulation and its importance in the modern world. This paper also shows us how the process of simulation is working step by step so it gives us the clear algorithm to apply simulation methods of any problem. It also defines the most important keywords which related to simulation methods. Moreover, in this paper, we explore the history of simulation and its developing and how it becomes one of the most widely using in the world in many fields. The importance of this research is to give us the general review about Simulation and how it is working on solving the problems. Furthermore, this paper shows how the operation of Simulation working step by step and how to apply them to act the real problem in a simulated one. The importance of this paper is also coming by reviewing the history of Simulation from its first use until now so it can be one of the best theoretical references for the researchers who interested in Simulation.

Waled Khaled is an assistant lecturer at College of Business, Damascus University, Syria. Now he is a master student at the College of Science, Hohai University in Nanjing, China. He acquainted the Bachelor degree in Business school/Applied Statistic from Damascus University in late 2010. His research interests focus on simulation theory, decision analysis, multi-criteria decision modeling, data envelopment analysis (DEA) and applications in banking. He has published many academic research work in the Damascus Research Journal and also in some domestic and international conferences. Email: waled.khaled123@hotmail.com

Yuan Yongsheng is a professor at the college of sciences, Hohai University, Nanjing, China. He has published many papers in nonlinear equations, Monte Carlo simulation method and he is interested in mathematical and statistical models. Now he is a lecturer in Hohai University at the college of sciences. Email: ysyuan3@hhu.edu.cn

Sajjad Nazir belongs to Hohai Business School in Hohai university, Nanjing. China. He has many publications related to business management. He has presented many papers in the international and national conferences. His area of research is, management, Human resource management, organizational behavior and research methods. Email: sajjadnazir@hhu.edu.cn

Waled Khaled, Yuan Yongsheng, Sajjad Nazir "The Review of Simulation for Business Organizations’ Problems and Applications" International Journal of Business, Economics and Management Works, Vol. 2, Issue 1, PP. 1-5, Jan.  2015.                                                                                  

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