Learn About Simulation


"I am relatively new to simulation and would like some general information."

The videos and links below are intended to help visitors who are relatively new to simulation, and are interested in a general overview of simulation and GoldSim.

Introductory Videos

GoldSim in a Nutshell   Moving Beyond Spreadsheets


  • Simulation Primer. These pages provide a brief introduction to simulation and how it can be used. If you are completely new to simulation, you should start here.
  • What is Monte Carlo simulation? One of the important features of GoldSim is that it is a probabilistic simulator that uses Monte Carlo simulation to represent uncertainty. This page gives a brief explanation of what this means.
  • What are the different kinds of simulation tools? Where does GoldSim fit in? Because simulation is such a powerful tool, a wide variety of simulation programs are available. This page provides a brief overview and comparison of the various categories of programs.
  • Selecting Simulation Software. This page provides suggestions and guidelines for selecting a simulation tool that meets your needs. Note that these guidelines do not favor any particular tool. We want you to pick the right tool for your specific application.
  • What can GoldSim do that I can't do in a spreadsheet? Nearly everyone has access to spreadsheet software and is familiar with its basic operation. As a result, spreadsheets are by far the most commonly used modeling and simulation tool. This page describes why spreadsheets are often the wrong tool for the job.
  • What kinds of applications can GoldSim be used for? This page provides a number of short descriptions of GoldSim applications to give you an idea of the kinds of problems it can be used to solve.
  • White papers and case studies. This page provides links to a number of easy-to-read white papers and short case studies describing how GoldSim can be used for a variety of applications.
  • GoldSim technical papers. This page provides links to a number of technical papers that describe GoldSim applications in detail.
  • About the GoldSim Technology Group. This page provides background information on our company.
  • Who uses GoldSim? GoldSim models are typically built by engineers, business modelers, scientists and other quantitative analysts. The ultimate audience for the models, however, is typically decision-makers (e.g., managers, regulators and other stakeholders). GoldSim is used by a wide range of government, commercial and academic organizations in over 40 countries. This page provides a partial list of our customers.


Making Better Decisions In An Uncertain World