The major objective of this paper is to analyze network vulnerabilities using the SIMVA (SIMualtion-based Vulnerability Analyzer). SIMVA is capable of monitor network status and analyze vulnerabilities automatically. To do this, we have employed the advanced modeling and simulation concepts such as SES/MB (System Entity Structure / Model Base) framework, DEVS (Discrete Event System Specification) formalism, and experimental frame for developing network security models and simulation-based analysis of vulnerability. SIMVA can analyze static vulnerability as well as dynamic vulnerability consistently and quantitatively. In this paper, we verified and tested the capability of application of SIMVA by slammer worm attack scenario.