With the growing size of simulation requirements, high-performance scalable simulation systems are in high demand. Along with a simulation model that has higher parallelism and scalability, the obtaining and exploiting knowledge about the simulation system is essential for high performance. In this research, performance models of the simulation protocols are developed. Simulation model properties are identified and abstracted for performance analysis; in addition, the hardware factors of a simulation computer system are also measured. Two prominent simulation protocols are studied: the conservative parallel simulation protocol and the optimistic parallel simulation protocol. Detailed protocol-dependent factors are identified from a detailed description of the simulation runtime mechanism. The protocol-dependent performance models are derived as follows. For the conservative simulation protocol, the critical path of logic processes governs the performance of the simulation system. The protocol requires the safeness of a message to be identified in order to meet synchronization rule and simulation correctness. The number of safe messages and the size of the Earliest Incoming Time (EIT) update interval are dependent on the critical parent. Performance results are shown in the physical time domain as well as the traditional logical time domain. The optimistic simulation system, such as the Time Warp Operating System (TWOS), has its own specific synchronization of rollback and recomputation. Rollback requires state saving. As well as state saving overhead, rollback probability is identified as a core factor of optimistic simulation system performance. Lazy cancellation efficiency and simulation topology connectivity are two core factors for optimistic simulation system performance. The research on optimistic simulation system performance is extended to adaptive simulation systems. For an adaptive simulation system, which combines conservative simulation and optimistic simulation, the rollback probability of the optimistic part is analyzed from the detailed description of the protocol and requirements for control mechanisms. This performance research results provide important information about the internal workings of simulation system, and consequently, possible improvements can be made to simulation system performance. The Earliest Outgoing Time based scheduling mechanism for conservative simulation system is selected to demonstrate the significance of this approach.