Joe had to be sure that the AnyLogic software was robust, so he spoke with DSE Consulting’s founder, David Buxton, to help with his evaluation. Others inform high-level senior discussions in government about policy reviews and investigation. Some of the results from DWP’s simulation modelling are used in fiscal events like the Chancellor’s Budget and the Spring Statement. The software can handle huge models of the size DWP produces.Then he compared them against a list of non-negotiable requirements: To find out if he could build a new simulation system into DWP’s process, Joe ran the exercises they already perform within a few specialist tools-including AnyLogic simulation software-to see how they held up. Get all the information needed before investing in new simulation software So he began a formal in-depth review of three pieces of software to improve operations and enjoy greater flexibility in building the kinds of models they need to use to make better decisions. “It could take weeks or months to get a simulation model running again,” says Joe, “which makes it difficult to diagnose exactly what’s going on”. One particularly large model would run overnight but didn’t always run successfully, so the analysts would lose an entire day recovering from the loss of data. There were “issues with run time and with models falling over,” he continues. The old technology was “clunky, slow, and not especially easy to use,” says Joe at DWP who is tasked with improving efficiency. DWP needed to find a way to produce more complex simulation models and at a greater scale for more accurate results. Over the course of a lifetime, all of these entanglements can shift, be it a change within the family unit or a change to the UK’s pension policy. Not only for someone’s individual journey through employment, but within their household and alongside work-related government agencies too. The AnyLogic software is built for handling large simulation models of any size, no matter how complicated the systemįor many years, DWP used their own in-house tool for simulation modelling but as their models grew in complexity their run-times became excessive and the models harder to maintain.Ĭrucial to their work is the ability to simulate progression over time. One that runs faster than their old program, is easier to use, and makes the most accurate financial diagnosis’.Īfter a two-year in-depth evaluation of some specialist tools, find out why DWP chose to use AnyLogic simulation software for financial forecasting and comparison. They began a search for the most reliable tool to do the required analysis. A whole nation trusting the figures you produce for government ministers to rest their decisions on.įor the Department for Work and Pensions (DWP), these decisions affect employment income, savings, and the national budget. ![]() Handle uncertainty Uncertainty in operations’ time and outcome can be easily represented in simulation models, which allows you to measure risk and find more robust solutions.It’s hard to imagine anything more pressurised for a data department.Increased accuracy A simulation model can capture much more details than an analytical model, which provides for increased accuracy and more precise forecast.E.g., you can check warehouse storage space utilization at any given date. Insight into dynamics Unlike spreadsheet- or solver-based analytics, simulation modeling allows observation of system behavior over time at any level of detail. ![]() Visualization Simulation models can be animated in 2D/3D, allowing concepts and ideas to be more easily verified, communicated, and understood. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |