Monte Carlo Simulator

Innoslate’s ‘Monte Carlo Simulator’ allows for realistic analysis of a system or project’s cost, schedule, and performance. This simulator utilizes the same modeling techniques and technologies of the ‘Discrete Event Simulator‘ but removes inherent uncertainty. This is accomplished by running the simulation repeatedly with different, random seeds to achieve a more comprehensive view of the model. An example of the results generated by running the ‘Monte Carlo Simulator’ is shown below:

The simulator is comprised of a sidebar to the left and a set of panels to the right which can be shown, hidden, re-sized and sorted in any order to best meet your needs. By default, the simulator displays the following panels: ‘Status,’ ‘Time Tree Map,’ ‘Time Bar Graph,’ ‘Resources (Radar),’ ‘Cost Tree Map,’ ‘Cost Bar Graph,’ and ‘Asset Utilization (Radar).’

Available Panels

Within the ‘Monte Carlo Simulator’ there are four categories of panels, listed below, which are available to be displayed.

Cost Panels	Cost Tree Map Displays a tree map of the combined total incurred costs of the simulations of the Monte Carlo run. Cost Bar Graph Displays a bar chart of the total incurred cost of each simulation in the Monte Carlo run.
Time Panels	Time Tree Map Displays a tree map of the combined total durations of actions in the simulations of the Monte Carlo run. Time Bar Graph Displays a bar chart of the total duration of each simulation in the Monte Carlo run.
Resources Panels	Resources (Radar) Displays a radar chart of an individual resource’s minimum, maximum, and final amounts. Asset Utilization (Radar) Displays a radar chart of an individual amounts of asset utilized.
Other Panels	Status Displays the current number of completed simulations, average duration, and average cost. Console Displays a console showing all scripted print lines and detailed error information.

Available Settings

The ‘Settings’ menu located in the left sidebar of the ‘Monte Carlo Simulator’ includes the following options: