Introduction to Simulation and Risk Analysis

by Evans, James R.; Olson, David L.

• ISBN13: 9780130329288
• ISBN10: 0130329282
• Edition: 2nd
• Format: Hardcover
• Copyright: 2002-01-01
• Publisher: Pearson College Div

Summary

For upper-level undergraduate Simulation, Business Administration, and related disciplines and beginning graduate courses in business administration and related disciplines. Providing a hands-on, real-world introduction to the concepts, methodologies, and applications of simulation in business specifically, this soundly structured text uses spreadsheets as the principal means to illustrate simulation modeling concepts, computational issues, and analysis of results - giving students extensive hands-on experience with minimal frustration. Covering the basic concepts of simulation, it provides an in-depth study on risk analysis, and effectively deals with systems simulation, reinforcing basic concepts and principles at every turn and emphasizing the true value of simulation by highlighting real applications used in today's businesses at every opportunity. This text also incorporates Crystal Ball and ProcessModel.

Table of Contents

PART 1: SIMULATION FUNDAMENTALS
Introduction to Simulation	1	(20)
Simulation Using Excel	21	(42)
Probability and Statistics in Simulation	63	(49)
PART 2: SIMULATION IN RISK ANALYSIS
Risk Analysis Using Crystal Ball	112	(40)
Applications of Risk Analysis	152	(47)
Building System Simulation Models	199	(50)
PART 3: SYSTEMS SIMULATION
Output Analysis and Experimentation for Systems Simulation	249	(22)
Systems Simulation Using ProcessModel	271	(36)
Applications of Systems Simulation	307	(28)
PART 4: EXTENSIONS OF SIMULATION
Simulation in Forecasting and Optimization	335	(35)
Appendices	370	(4)
Bibliography	374	(13)
Index	387