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Sensitivity Analysis and
Optimization Through Multiple Runs
Sensitivity Analysis to
Vary Constants Across Simulation Runs
RENO's Sensitivity Analysis feature
allows you to vary one or two constants across analyses/simulation runs.
For example, if you are analyzing potential investment strategies, you
may wish to vary the number of years that you will be investing and/or
the percentage of your income that will be invested to see how different
inputs will affect the final results. Likewise, you may wish to generate
reliability or availability results for a range of times in order to
examine the equipment’s behavior over time. Potential applications are
limited only by your imagination!
Simply enter the starting, ending and increment values for the variable
constant(s) and then RENO
automatically varies the inputs and performs multiple analyses under
each set of conditions.
Perform Multiple Runs
to Automatically Estimate Optimum Values
The Multiple Runs feature takes the sensitivity analysis capability a
step further by allowing you to configure the software to automatically
vary the specified constant(s) in order to determine the value that
minimizes or maximizes a specified result. For example, you could use
this feature to automatically determine the optimum amount of inventory
to maximize profits or the optimum preventive maintenance (PM) interval
to minimize costs. The results of each analysis can be displayed in the
Plot Sheet, with the optimum value marked on the plot.
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Questions?
