GoldSim is dynamic, probabilistic simulation software developed by GoldSim Technology Group.
This general-purpose simulator is a hybrid of several simulation approaches, combining an extension of system dynamics with some aspects of discrete event simulation, and embedding the dynamic simulation engine within a Monte Carlo simulation framework.
While it is a general-purpose simulator, GoldSim has been most extensively used for environmental and engineering risk analysis, with applications in the areas of water resource management
, radioactive waste management
, geological carbon sequestration
, aerospace mission risk analysis
In 1990, Golder Associates, an international engineering consulting firm, was asked by the United States Department of Energy (DOE) to develop probabilistic simulation software that could be used to help with decision support and management within the Office of Civilian Radioactive Waste Management. The results of this