Homodyne laser interferometers for velocimetry are well-known optical systems used in many applications. While the detector power output signal of such a system, using a long coherence length laser and a single target, is easily modelled using the Doppler shift, scenarios with a short coherence length source, e.g. an unstabilized semiconductor laser, and multiple weak targets demand a more elaborated approach for simulation. Especially when using fiber components, the actual setup is an important factor for system performance as effects like return losses and multiple way propagation have to be taken into account. If the power received from the targets is in the same region as stray light created in the fiber setup, a complete system simulation becomes a necessity. In previous work, a phasor based signal simulation approach for interferometers based on short coherence length laser sources has been evaluated. To facilitate the use of the signal simulation, a fiber component ray tracer has since been developed that allows the creation of input files for the signal simulation environment. The software uses object oriented MATLAB code, simplifying the entry of different fiber setups and the extension of the ray tracer. Thus, a seamless way from a system description based on arbitrarily interconnected fiber components to a signal simulation for different target scenarios has been established. The ray tracer and signal simulation are being used for the evaluation of interferometer concepts incorporating delay lines to compensate for short coherence length.