A bad simulation can cost you a fortune - a
good simulation can save a lot of money. .
The costs of a simulation of course depend on
the time needed. A lack of qualification of the simulation expert
can easily lead to 10 times higher costs - not to speak of the
But also the use of the wrong simulation tool
can result in a several times higher price. This has repeatedly been
proven by comparisons with other (qualified!) simulation consultants.
Even the price of a simulation software cannot be taken as
measurement of its capability.
If you outsorce a simulation project always
compare several competitors - the bandwith of price and quality is
very wide in simulation business!
According to our own experience a simulation
costs 0,1-0,3 % of the relevant sum of investment.
Repeated use of simulation and use of special
libraries can lead to even much lower costs.
Please also keep in mind that the cost of
simulation always includes some work of detailled planning and
optimization that are also necessary without simulation. If you put
this into consideration the remaining costs will often be
neglectable. Anyway, even if you assume 0,3 % simulation costs - an
experienced consultant should be able to show you enough
optimization potential to get savings that are a lot of times higher
than the initial costs.