Given a labelled transition system $(S,\Lambda,\to)$, where $S$ is a set of states, $\Lambda$ is a set of labels, and $\to\subseteq S\times\Lambda\times S$ is a ternary relation. As usual, write $p \stackrel\alpha\rightarrow q$ for $(p,\alpha,q)\in\to$. The labelled transition $p\stackrel\alpha\to q$ denotes that the system in state $p$ changes state to $q$ with label $\alpha$, meaning that $\alpha$ is some observable action that causes the state change.
Now a relation $R \subseteq S \times S$ is a called a simulation iff $$ \forall (p,q)\in R, \text{ if } p \stackrel\alpha\rightarrow p' \text{ then } \exists q', \; q \stackrel\alpha\rightarrow q' \text{ and } (p',q')\in R. $$
One LTS is said to simulate another if there exists a simulation relation between them.
Similarly, a relation $R \subseteq S \times S$ is a bisimulation iff $\forall (p,q)\in R,$ $$ \begin{array}{l} \text{ if } p \stackrel\alpha\rightarrow p' \text{ then } \exists q', \; q \stackrel\alpha\rightarrow q' \text{ and } (p',q')\in R \text{ and } \\ \text{ if } q \stackrel\alpha\rightarrow q' \text{ then } \exists p', \; p \stackrel\alpha\rightarrow p' \text{ and } (p',q')\in R. \end{array} $$
Two LTSs are said to be bisimilar iff there exists a bisimulation between their state spaces.
Clearly these two notions are quite related, but they are not the same.
Under what conditions is it the case that an LTS simulates another and vice versa, but that the two LTSs are not bisimilar?