Once you have created a simulation project, you are ready to run What-if Scenarios from a chosen starting point and into the future.
All the variables in the model have a definition, resulting in time series of values when calculated during simulation. These series are called the model's behaviour.
What-if Scenarios are the standard way of using Powersim Studio to analyze cause-and-effect within a simulation model:
Simulations may be used once to analyze a particular investment opportunity or on an on-going basis as part of an integrated management system.
In the below example, a simulation model was used during hospital re-organization. The model reflects that a specific type of patients can be treated in two organizationally different ways.
A Hospital simulation analyzing different ways to organize wards.
The end user can easily compare the two approaches with respect to KPI targets like hospital queues, capacity and cost. Running many what-if scenarios, inducing stress in the two types of wards, made it easier to decide on the best strategy.
Benefits from using What-if Scenarios in simulations
Powersim Models add power, flexibility and speed to the strategic planning process.