Wireless communication plays a vital role in the promising performance of connected and automated vehicle (CAV) technology. This paper proposes a Vissim-based microscopic traffic simulation framework with an analytical dedicated short-range communication (DSRC) module for packet reception. Being derived from ns-2, a packet-level network simulator, the DSRC probability module takes into account the imperfect wireless communication that occurs in real-world deployment. Four managed lane deployment strategies are evaluated using the proposed framework. While the average packet reception rate is above 93% among all tested scenarios, the results reveal that the reliability of the vehicle-to-vehicle (V2V) communication can be influenced by the deployment strategies. Additionally, the proposed framework exhibits desirable scalability for traffic simulation and it is able to evaluate transportation-network-level deployment strategies in the near future for CAV technologies.