SIMULATION, Ahead of Print. <br/>In recent years, commodity prices have swiftly decreased, narrowing the profit margin for many mining operations and forcing them to find effective cost management strategies to respond to low prices. Given that equipment is one of the most significant assets of a mining company, efficient equipment utilization has strong potential to reduce costs. This paper focuses on the relationship between the number of available drilling machines based on reliability […]

SIMULATION, Ahead of Print. <br/>In this paper, we argue that computer simulations can provide valuable insights into the performance of voting methods on different collective decision problems. This could improve institutional design, even when there is no general theoretical result to support the optimality of a voting method. To support our claim, we first describe a decision problem that has not received much theoretical attention in the literature. We outline different voting methods […]

SIMULATION, Ahead of Print. <br/>Numerous studies have confirmed the negative impact of the lack of coordination on supply chain performance. In particular, the lack of coordination leads to the bullwhip effect, which has severe impacts on supply chain stability. This paper evaluates a proposed coordination mechanism that allows a decentralized information sharing in multi-echelon supply chains. The proposed mechanism “Info-Smooth” utilizes the ordering rule of the generalized (R, S) […]

SIMULATION, Ahead of Print. <br/>The growing complexity of embedded and cyber-physical systems makes the design of all system components from scratch increasingly impractical. Consequently, already from early stages of a design flow, designers rely on prior experience, which comes in the form of legacy code or third-party intellectual property (IP) blocks. Current approaches partly address the co-simulation problem for specific scenarios in an ad hoc style. This work suggests a general […]

SIMULATION, Ahead of Print. <br/>Waterflooding is considered as one of the most common methods for improving the ultimate recovery of oil reservoirs. The efficiency of a waterflooding operation strongly depends on the determination and quantification of the relative connections between the injection and production wells. Injection and production rates are the most accessible data and they can provide useful information about the interwell connections. Recently, several data-driven […]