With fluctuations in manufacturing costs and the seemingly unpredictable economic climate, it is imperative to make every effort to increase productivity, fully utilize resources and decrease or eliminate possible bottlenecks. Simcad Pro is a sophisticated simulation engine that can be utilized to improve the overall efficiency of an assembly operation while using automation. Users of Simcad Pro have shown increased productivity, accuracy and efficiency, helping to cut costs without sacrificing the quality of their products. 

Within a Lab setting, the issues of excessive wait time, excess travel time, low equipment utilization, and increased operational cost daily are always present. Within the lab setting, it is important to improve efficiency and to reduce lead time. Simcad Pro is a sophisticated simulation engine that can be utilized to improve the overall efficiency, accuracy and effectiveness within a laboratory, which in turn increases possible workload and monetary gains.

ABSTRACT:

REALTIME PREDICTIVE AND PRESCRIPTIVE ANALYTICS WITH REAL-TIME DATA AND SIMULATION - This paper discusses the reusability and extensibility of simulation models and their roles in predictive and prescriptive analytics using real time data connectivity...