Innoslate's 'Monte Carlo Simulator' allows for realistic analysis of a system or project’s cost, schedule, and performance. This simulator utilizes the same modeling techniques and technologies of the 'Discrete Event Simulator' but removes inherent uncertainty. This is accomplished by running the simulation repeatedly with different, random seeds to achieve a more comprehensive view of the model. An example of the results generated by running the 'Monte Carlo Simulator' is shown below:
The simulator is comprised of a sidebar to the left and a set of panels to the right which can be shown, hidden, re-sized and sorted in any order to best meet your needs. By default, the simulator displays the following panels: 'Status,' 'Time Tree Map,' 'Time Bar Graph,' 'Resources (Radar),' 'Cost Tree Map,' 'Cost Bar Graph,' and 'Asset Utilization (Radar).'
Within the 'Monte Carlo Simulator' there are four categories of panels, listed below, which are available to be displayed.
Cost Tree Map
Displays a tree map of the combined total incurred costs of the simulations of the Monte Carlo run.
Time Tree Map
Displays a tree map of the combined total durations of actions in the simulations of the Monte Carlo run.
Displays a radar chart of an individual resource's minimum, maximum, and final amounts.
The ‘Settings’ menu located in the left sidebar of the ‘Monte Carlo Simulator’ includes the following options:
|Iterations||The number of simulator iterations to run. By default, this is set to 100.|
|Hours per year||Enables simulating an average working calendar year; e.g. 1860 working hours per year.|
|Light/Dark Mode||Enables switching between a dark-theme and light-theme view of the simulator.|