5. Building the model (for the first operating strategy)
Steps for building a model are Chung [11] as follows:
1. Problem formulation: includes problem definition and establishing the project objectives.
2. Project planning: includes scheduling tasks of the simulation project and assigning roles and responsibilities.
3. System definition: identification of the system components to be modeled, input data, system processes and output measures of performance.
4. Input data collection and analysis: collection of original data, use of existing data and statistical analysis.
5. Model translation: selecting the appropriate simulation software and building the model.
6. Verification, validation: Verification insures that the model operates as intended and Validation determines whether or not the model represents reality.
7. Experimental design: determines which model alternatives will be beneficial to investigate.
8. Analysis: statistical comparisons between alternatives.
9. Presenting conclusion and results: reporting the simulation results.