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Spring 2002

First Release of GoldSim Pro

The GoldSim Technology group has released the first version of GoldSim Pro. For long-time users of GoldSim, it is important to know that GoldSim Pro is essentially the same program as GoldSim except that the contaminant transport features are now sold separately as the GoldSim CT and GoldSim RT modules. The GoldSim CT Module includes functionality for simulation of non-radioactive constituents while the GoldSim RT Module includes all the features of GoldSim CT plus additional features for simulation of radionuclides. Check out the products section of the website for a complete description of the new product line.

Based on advanced simulation technology developed over the last ten years for the U.S. Department of Energy, GoldSim Pro is a general-purpose simulator suitable for modeling a broad range of business systems. In contrast to traditional ERP software, which provides information about the past and present, GoldSim Pro is designed to help organizations make better decisions regarding the future.

"GoldSim Pro is a daily productivity tool for the quantitative business professional", says Ian Miller, Managing Principal for the GoldSim Technology Group. "We believe that the power to better understand the future, combined with ease-of-use and flexible presentation capabilities, could make GoldSim Pro standard business software for anyone involved in making difficult business decisions."

Because GoldSim Pro is a continuation of previous GoldSim releases, it is referred to as version 7.4. Prior to the release of GoldSim Pro in April, Version 7.3 of GoldSim was released in March. Some of the new features are listed below:

  • A capacity input was added to the Event Delay element to facilitate the simulation of actual queues, such as that at a bank teller.

  • You can now "lock onto" a DLL in an External element, a spreadsheet file in a Spreadsheet element, or any file referenced by a File element. When you lock onto a file GoldSim displays an error message and will not run the model if the file has been changed since the last time the model was run.

  • A New Model Wizard was added to automatically set the major simulation settings when a new model is created. (You can choose to disable the wizard through the Options dialog).

  • Discrete event simulation has been significantly improved.

  • Two new elements for delaying continuous signals have been added: Information Delays and Material Delays.

  • Two new elements for entering and manipulating time series data have been added: Information Time Series and Material Time Series.

  • The integration algorithm for Accumulators (now called Integrators) and Reservoirs has been changed. As a result, in most cases, feedback links (now called previous value links) will no longer be required.

  • Conditional Containers have been completely reworked and greatly expanded.

  • Version Tracking has been added. This allows you to track the changes made to your model file over time.

  • All users now have access to the GoldSim Dashboard Authoring tools (described in detail in the GoldSim Dashboard Authoring Module User's Guide). In order to create Player files with Dashboards, however, your license must have Dashboard Publishing option activated.

You can also read the press release announcing the first release of GoldSim Pro.

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