GoldSim

1
GoldSim

• By Siobahn Day

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Introduction

• GoldSim is a powerful and flexible platform for
  visualizing and dynamically simulating nearly any
  kind of physical, financial or organizational
  system. You build a model in an intuitive manner
  by literally drawing a picture (an influence
  diagram) of your system. In a sense, GoldSim is
  like a "visual spreadsheet" that allows you to
  graphically create and manipulate data and
  equations. GoldSim moves beyond spreadsheets,
  however, by making it much easier for you to
  evaluate how systems evolve over time, and
  predict their future behavior.

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Features

• Quantitatively address the inherent variability
  and uncertainty that is present in real-world
  systems (using Monte Carlo simulation).
• Superimpose the occurrence and consequences of
  discrete events onto continuously varying
  systems.
• Build top-down models using hierarchical
  containers that facilitate the simulation of
  large, complex systems while keeping them easy to
  understand and navigate.
• Dynamically link external programs or
  spreadsheets directly into your GoldSim model.

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Features Continued

• Directly exchange data between any ODBC-compliant
  database and your GoldSim model.
• Insert graphics, notes and hyperlinks (to
  documents, websites, and presentations) in order
  clearly explain your model to diverse audiences.
• Create custom designed graphical interfaces
  (called dashboards) to explain and demonstrate
  your models using the GoldSim Dashboard Authoring
  Module.
• Optimize your dynamic simulation models by
  finding the values of decision variables that
  produce the optimal results.

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Examples

• The objects represent the features, processes and
  events controlling the system that you are
  simulating. In a sense, GoldSim is like a "visual
  spreadsheet" allowing you to visually create and
  manipulate data and equations. As can be seen in
  the example shown above, based on how the various
  objects in your model are related, GoldSim
  automatically indicates their influences and
  interdependencies by visually connecting them in
  an appropriate manner.

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Conclusion

• As you can see GoldSim is very valuable and a
  brilliant simulation software. It has many
  different capabilities and is very user friendly.
  This software has truly been an asset to me and
  helped me broaden my skills in system simulation
  and software.