The invention is directed to a method for discrete-event simulation, using dynamic memory in a parallel environment under Cautious Optimistic Control (COC). The method is divided into three sub-processes. The first is the pre-processing phase, which prepares the simulation for event execution. The second is the execution phase, which prepares the simulation for event execution. The third is the post-processing phase, which handles the cleanup of the simulation after the end of event execution. The invention can be integrated into various software architectures for run-time use or in post-processing analysis for data analysis in test and evaluation environments.