The document discusses modeling and simulation. It begins with introducing modeling as representing a system and simulation as operating a model over time. The history of simulation from 1940s to 1990s is then outlined. Developing simulation models involves identifying the problem, designing the model, validating it, and performing experiments. Simulation analysis includes choosing variables, developing flowcharts, verifying models, and applying results. Advantages include understanding complex systems without affecting the real system, while disadvantages are difficulty predicting results and the time-consuming nature. Application areas span military, engineering, business and biological systems.