1.0Maritimafricahttps://maritimafrica.com/enSIMULATION AS PROBLEM SOLVING APPROACH - Maritimafricarich600338<blockquote class="wp-embedded-content" data-secret="ffQGRcaQLX"><a href="https://maritimafrica.com/en/simulation-as-problem-solving-approach/">SIMULATION AS PROBLEM SOLVING APPROACH</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://maritimafrica.com/en/simulation-as-problem-solving-approach/embed/#?secret=ffQGRcaQLX" width="600" height="338" title="“SIMULATION AS PROBLEM SOLVING APPROACH” — Maritimafrica" data-secret="ffQGRcaQLX" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://maritimafrica.com/en/wp-content/uploads/2021/04/grim-scaled.jpg17342560Simulation as a Methodology for Decision MakingThe majority of decisions in port development projects are made on the basis of Historical Data, Assumptions of future economic trends as well as on the technological development (performance capabilities) of Port handling equipment. While it is known that historical data and past trends are a good starting point, by themselves they cannot validate a sound business decision making without augmenting the Historic Data with a thorough Simulation of the variable attributes as well as a close look into the technical capabilities of your handling asset.