First of all, what are Simulations? They are just some hypothetical scenarios where we would like to test a particular thing. So, this is the bottom-line and also the top-line about Simulations – it is the one same thing or the same question that we want to answer, which means that the question remains the same. But the answers are very many because we change the situation (change the parameters) in which the question is being asked.
I had heard about them when I was in high school but got to do some when I went to do my Engineering in Pilani. It was part of the Optimizations course. I remember we did some Monte-Carlo simulations on Excel and that felt very good. It was as-if, all possible solutions were available and if there existed something like a safe bet, I would be prepared of doing that.
I have been working on Simulations recently – constructing 2 and 3 dimensional metrices and looking at the numbers to finally decide cuts on the basis of what I think is the most reasonable thing to do from an implementation point of view.
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