The low-latitude ionosphere has some features that could cause problems even to the joint GPS/SBAS operation. Among them, one finds the equatorial anomaly, whose electronic density - and thus its refractive index - can present intense horizontal gradients. These gradients can be intense enough to induce errors in the predictions by the GPS/SBAS. To analyze this problem, a computer simulation program has been developed. This program integrates models for: (i) forecasting the satellite orbital positions of the GPS constellation; (ii) the temporal and spatial evolution of the electronic density of the low-latitude ionosphere; and (iii) a given network of reference stations to analyze the effects of the equatorial anomaly on the GPS satellite signals received by the stations and users. In each step of the simulation, several procedures are performed. These procedures are repeated several times and, at the end of the simulation, error statistics are presented. This computer simulation program has been used to analyze the influence of the equatorial anomaly and of the number and layout of reference stations upon the errors in aircraft positions provided by the GPS/SBAS.