Sample applications for the Simulation Magic MVP
This system uses Analytics and Simulations to mitigate risk,
by helping people make decisions, based on whatever information is available to
them. There are many applications for this and we are presently developing
various versions of the minimal viable product (MVP).
These will be tested by Beta users in real life environments,
where they need to simulate and analyze the decisions required in their
everyday workplace environment. Below are a few examples that are being considered
for Beta users pf the MVP.
Hospital administration
In hospitals, administrators allocate resources every day.
This includes staff, equipment, space, time, and so on. Typically, this requires
evaluation of information on competing needs by various departments, such as nursing,
dietary, medical, cleaning and so on. By entering this information into the system,
via an intuitive and user-friendly dialogue, the users can save time, mitigate
their exposure to risk and diminish their stress.
Note: This scenario applies to administrators in other
business models as well (e.g. University administration, medical and dental office
administration, government services administration, etc. [1]
Education and diagnostics
Another major application is in education, where simulations
can be used to create realistic scenarios that approximate real life
situations. For example, this approach can be applied to any scenario where
diagnostics are required. This includes medical diagnoses, decisions by
technicians, maintenance and repairs, etc.
Supply chain management
Any environment that requires a supply chain can benefit
from help with making decisions. For example, in auto manufacturing, a manager
must constantly replenish the thousands of parts needed to build a car. Modern
plants typically use the “just in time” approach, based on the Kanban model,
pioneered by Toyota in the 1960’s. By entering the parameters of the upcoming manufacturing
schedule into the Simulation Magic system, users can automatically generate scenarios
that will ensure optimal outcomes for various scenarios.
Project management
Like the administration roles described above, project
management revolves around decisions on resource allocation. Whatever the field
of the project, managers must decide daily on how to allocate staff, equipment
and spaces. Furthermore, they must communicate to both staff and clients the
progress of the project and the next steps. All of this can be facilitated by a
system that allows the user to easily input the relevant information and runs various
simulations, based on possible scenarios. The result is a set of recommendations
for an optimal outcome of the project, in the short, medium and long term.
Investment finance
- · To be determined
Other examples
- · To be determined
[1] As
we create customized versions of the MVP for various business models, the
product can be made available to potential clients with similar needs. For example,
hospital administrators for a chain in one region will have similar needs to those
for another region. In this way, with around 10 basic version of the MVP we can
serve a multitude of potential users.