Production Simulation Alternatives
There are different methods to simulate the performance of planned production systems. Many of the well-known software tools are based on Monte Carlo simulation, like DES. We uncover alternatives and discuss pros and cons compared to other options.
Cost Estimation Software - A Comparison
Do cost estimation tools also work for innovative changes? Different approaches differ greatly in their strengths and weaknesses. LineLab is not a classic cost estimation tool, but able to capture the impact of production innovation.
Understanding Process Time Variation
Process time variation is often the most important factor if a factory underperforms. Debunking myths, we uncover profound implications it has in factory operations, and show how to model the "hidden factory".