Simulation Modeling of the Assessment of the Economic Efficiency of the Knowledge Management System and Production Business Processes of an Industrial Enterprise
Observational analysis illustrates the impact of simulation modeling on economic efficiency in industrial enterprises, highlighting decision-making support under uncertainty.
Key Points
Simulation modeling significantly improves economic efficiency in knowledge management and production processes, leading to enhanced decision-making.
Key performance indicators like product cost and labor productivity showed improvement due to optimized business processes through simulation modeling.
The study involved constructing methodological aspects of simulation models to assess multiple factors affecting performance metrics in industrial enterprises.
Results indicate that simulation modeling may reduce operating costs and time to market while enhancing return on investment in knowledge management.