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​Simulation Allows the User to Specify Certain Desired Results (For

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​Simulation allows the user to specify certain desired results (for example, profit or service level values), and then the necessary model parameters and operating policies are determined.


Definitions:

Delivery Cycle Time

The total time taken from receiving an order to delivering the product to the customer.

Fill Orders

The process of completing customer orders for goods or services.

Manufacturing Cycle Efficiency

a measure of the efficiency of the production process, typically calculated as the ratio of value-added time (the time spent actually transforming the product) to total cycle time.

Fill Orders

The process of completing customer orders by preparing and delivering the specified goods or services.

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