Decision-making in enterprises holds different possibilities for profits and risks. Due to the complexity of decision making processes, modeling and simulation tools are being used to facilitate them and minimize the risk of making wrong decisions in the various business process phases. In this paper, we highlight the role of modeling and simulation in enhancing decision-making processes in enterprises. In addition, we show some techniques that helped enterprises in reaching effective and efficient decisions by adopting modeling and simulation tools.
|Number of pages||8|
|Publication status||Published - 2015|
|Event||Fifth International Conference on Industrial Engineering and Operations Management - Hyatt Regency Dubai, Dubai, United Arab Emirates|
Duration: 3. Mar 2015 → 5. Mar 2015
|Conference||Fifth International Conference on Industrial Engineering and Operations Management|
|Location||Hyatt Regency Dubai|
|Country/Territory||United Arab Emirates|
|Period||03/03/2015 → 05/03/2015|
- Decision making process, enterprise systems, modeling and simulation, Cloud computing.