skip to main content
OSTI.GOV title logo U.S. Department of Energy
Office of Scientific and Technical Information

Title: Towards a theory of economic value for modeling and simulation: incremental cost of parallel simulation (wip)

Abstract

A useful perspective on the economic value of simulation in engineering comes from considering the role simulation plays in constructing a system. We propose a conceptual model that combines an embryonic concept of the value of an information bit with cost estimation tools used in software engineering. The model provides an economic justification for the common conception that models should be built to address specific questions rather than to comprehensively represent a referent system. Extending these ideas, we offer a model for the incremental value of parallel execution to explain why simulation applications that take advantage of sophisticated parallel discrete event simulation tools form a relatively narrow niche despite the ubiquity of parallel computing hardware. The proposed model enables us to bring value of information criteria into model development and to make predictions about the future of parallel simulation applications.

Authors:
ORCiD logo [1];  [2]
  1. ORNL
  2. University of Arizona
Publication Date:
Research Org.:
Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
1465050
DOE Contract Number:  
AC05-00OR22725
Resource Type:
Conference
Resource Relation:
Conference: 2018 Spring Simulation Multi-Conference - Baltimore, Maryland, United States of America - 4/15/2018 8:00:00 AM-4/18/2018 4:00:00 AM
Country of Publication:
United States
Language:
English

Citation Formats

Nutaro, James J., and Zeigler, Bernard. Towards a theory of economic value for modeling and simulation: incremental cost of parallel simulation (wip). United States: N. p., 2018. Web.
Nutaro, James J., & Zeigler, Bernard. Towards a theory of economic value for modeling and simulation: incremental cost of parallel simulation (wip). United States.
Nutaro, James J., and Zeigler, Bernard. Sun . "Towards a theory of economic value for modeling and simulation: incremental cost of parallel simulation (wip)". United States. https://www.osti.gov/servlets/purl/1465050.
@article{osti_1465050,
title = {Towards a theory of economic value for modeling and simulation: incremental cost of parallel simulation (wip)},
author = {Nutaro, James J. and Zeigler, Bernard},
abstractNote = {A useful perspective on the economic value of simulation in engineering comes from considering the role simulation plays in constructing a system. We propose a conceptual model that combines an embryonic concept of the value of an information bit with cost estimation tools used in software engineering. The model provides an economic justification for the common conception that models should be built to address specific questions rather than to comprehensively represent a referent system. Extending these ideas, we offer a model for the incremental value of parallel execution to explain why simulation applications that take advantage of sophisticated parallel discrete event simulation tools form a relatively narrow niche despite the ubiquity of parallel computing hardware. The proposed model enables us to bring value of information criteria into model development and to make predictions about the future of parallel simulation applications.},
doi = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2018},
month = {4}
}

Conference:
Other availability
Please see Document Availability for additional information on obtaining the full-text document. Library patrons may search WorldCat to identify libraries that hold this conference proceeding.

Save / Share: