Monte Carlo simulations can be used to study the variability of the model and determine the model behavior boundaries along with the expected performance. In simulation models that contain variable failure rates, variable processing rates at each stations, and variable inputs, Monte Carlo simulation runs can be a tremendous asset to any organization in order to understand the intricate behavior of the model environment. Simcad Pro created models benefit from the fact that Simcad Pro integrates all the tools required to run and analyze Monte Carlo simulations quickly and effectively. Coupled with the patented On-the-fly dynamic model updates, Simcad Pro provides an unprecedented simulation environment unmatched in the industry.

With all the different facets of a business, including numerous ones that are often unpredictable, it is imperative to make every effort to improve efficiency and productivity within the business. Simcad Pro Simulation Software is a sophisticated simulation engine that can be utilized for many different businesses, including the banking and insurance industry, in order to improve the transaction efficiency and accuracy of the business, which in turn will improve the business as a whole.

Most improvement initiatives begin with a Value Stream mapping exercise. The value stream map takes into consideration one aspect or product of the operation and analyzes the effect of waste. With a single product with no variations that flows sequentially, a static value stream is adequate. But, when analyzing multiple product interactions, non sequential flows, and the interaction among multiple value streams, the static environment fails. Moreover, static streams do not take into consideration fluctuations in demand, workforce, and other dynamic operational constraints. This patented technology is the first of its kind on the market today.

Because variability is a key feature of all call centers, it needs to be taken into account when creating a model of a call center. In order to account for the variability within the call center, Simcad Pro allows users to import historical data from external data sources, as well as the ability to utilize live data to keep systems up-to-date.