Question

what does a parameter analysis report enable you to do that a single simulation run with one value of the decision variables does not?

Answer 1

Risk Solver Platform for Education (RSPE) is a tool that helps in solving advance level of linear and non-linear programming problems. Furthermore, it also helps in determining optimal solution for simulation problems.

RSPE can be used to determine the optimal result of simulation problem in the following two ways: 1) using trial and error method with different values of decision variables and running simulation with each, 2) parameter analysis report.

Single simulation run provides the optimal values for only a specific set of decision variables. To determine the optimal result, one needs to use trial and error method using different values of decision variables.

Contrary to this, the parameter analysis report shows the same values in a systematic manner. In this method, after defining a parameter cell, the solver itself run simulations using different values and the result are displayed in a systematic way in the parameter report.