Monte Carlo Simulator

Last modified on January 31st, 2017.


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:

Monte Carlo Simulator Example Results

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)’.

 

Navigating to the Monte Carlo Simulator

You can access the 'Monte Carlo Simulator' from any ‘Action Diagram’ in Innoslate by opening the blue ‘Simulate’ dropdown and clicking on the 'Monte Carlo' menu item under the "Advanced Technology" section.

Click the Monte Carlo Menu Item

 

Available Panels

Within the 'Monte Carlo Simulator' there are four (4) categories of panels, listed below, which are available to be displayed.

Cost Panels

Cost Tree Map
Cost Tree Map Panel
Displays a tree map of the combined total incurred costs of the simulations of the Monte Carlo run.
Cost Bar Graph
Cost Bar Graph Panel
Displays a bar chart of the total incurred cost of each simulation in the Monte Carlo run.

Time Panels

Time Tree Map
Time Tree Map Panel
Displays a tree map of the combined total durations of actions in the simulations of the Monte Carlo run.
Time Bar Graph
Tim Bar Graph Panel
Displays a bar chart of the total duration of each simulation in the Monte Carlo run.

Resources Panels

Resources (Radar)
Resources Radar Panel
Displays a radar chart of an individual resource's minimum, maximum, and final amounts.
Asset Utilization (Radar)
Asset Utilization Radar Panel
Displays a radar chart of an individual amounts of asset utilized.

Other Panels

Status
Status Panel
Displays the current number of completed simulations, average duration, and average cost.
Console
Console Panel
Displays a console showing all scripted print lines and detailed error information.
 

Available Settings

The ‘Settings’ menu located in the left sidebar of the ‘Monte Carlo Simulator’ includes the following options:

Name Description
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, for example 1860 working hours per year.

Monte Carlo Simulator

Last modified on January 31st, 2017. 


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:

Monte Carlo Simulator Example Results

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)’.

Navigating to the Monte Carlo Simulator

You can access the ‘Monte Carlo Simulator’ from any ‘Action Diagram’ in Innoslate by opening the blue ‘Simulate’ dropdown and clicking on the ‘Monte Carlo’ menu item under the “Advanced Technology” section.

Click the Monte Carlo Menu Item

 

Available Panels

Within the ‘Monte Carlo Simulator’ there are four (4) categories of panels, listed below, which are available to be displayed.

Cost Panels

Cost Tree Map
Cost Tree Map Panel
Displays a tree map of the combined total incurred costs of the simulations of the Monte Carlo run.
Cost Bar Graph
Cost Bar Graph Panel
Displays a bar chart of the total incurred cost of each simulation in the Monte Carlo run.

Time Panels

Time Tree Map
Time Tree Map Panel
Displays a tree map of the combined total durations of actions in the simulations of the Monte Carlo run.
Time Bar Graph
Tim Bar Graph Panel
Displays a bar chart of the total duration of each simulation in the Monte Carlo run.

Resources Panels

Resources (Radar)
Resources Radar Panel
Displays a radar chart of an individual resource’s minimum, maximum, and final amounts.
Asset Utilization (Radar)
Asset Utilization Radar Panel
Displays a radar chart of an individual amounts of asset utilized.

Other Panels

Status
Status Panel
Displays the current number of completed simulations, average duration, and average cost.
Console
Console Panel
Displays a console showing all scripted print lines and detailed error information.
 

Available Settings

The ‘Settings’ menu located in the left sidebar of the ‘Monte Carlo Simulator’ includes the following options:

Name Description
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, for example 1860 working hours per year.