Koenig, Ulli H., "Use of Simulation in Management and Management Education: Speeding up the Wheel of Learning?", 1996
ua435
The shortening of product life cycle is one of the big problems to be solved in the 1990s. So a lot of energy is used to speed up the R&D-processes put more flexibility to the production line. Time is not the only key-variable of the R&D-process and the production, quality and individuality of the products are getting more and more important. These variables are not only significant for production and the R&D but also for decision making. The classical way to enhance the quality of decisions is the use of decision-support-systems (DSS), often based on artificial-intelligence (AI). Another tool to improve the effectiveness of decision making is management simulation. These tools are used to assist the decision maker with the goal of better results.