Editing OMG OCEB BPM Technical Intermediate (section)

====Enhancing Business Process Management With Simulation Optimization====
* by Jay April et a
* 01-05 WP Simulation Optimization - April et al.pdf
* Simulation is positioned as a means to evaluate the impact of process changes and new processes in a model environment through the creation of what-if scenarios
* In 1986, Dr. Fred Glover coined the term '''metaheuristic''' to describe a master strategy that guides and modifies other heuristics to produce solutions beyond those that are normally generated in a quest for local optimality.
* In the area of design of experiments, the input parameters and structural assumptions associated with a simulation model are called '''factors'''. The output performance measures are called '''responses'''.
* In the world of optimization, the factors become '''decision variables''', and the responses are used to model an '''objective function''' and '''constraints'''.
* Goal are:
** find out which factors have the greatest effect on a response
** combination of factor levels that minimizes or maximizes a response
** subject to constraints imposed on factors and/or responses
* Performance objectives in the area of Business processes may include throughput, costs, inventories, cycle times, resource and capital utilization, start-up times, cash flow, and waste.