The Use Of Simulation In Management Analysis

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Introduction to Business Analytics Using Simulation

Author : Jonathan P. Pinder
Publisher : Academic Press
ISBN 13 : 0323991173
Total Pages : 513 pages
Book Rating : 4.3/5 (239 download)

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Book Synopsis Introduction to Business Analytics Using Simulation by : Jonathan P. Pinder

Download or read book Introduction to Business Analytics Using Simulation written by Jonathan P. Pinder and published by Academic Press. This book was released on 2022-02-06 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business Analytics Using Simulation, Second Edition employs an innovative strategy to teach business analytics. The book uses simulation modeling and analysis as mechanisms to introduce and link predictive and prescriptive modeling. Because managers can't fully assess what will happen in the future, but must still make decisions, the book treats uncertainty as an essential element in decision-making. Its use of simulation gives readers a superior way of analyzing past data, understanding an uncertain future, and optimizing results to select the best decision. With its focus on uncertainty and variability, this book provides a comprehensive foundation for business analytics. Students will gain a better understanding of fundamental statistical concepts that are essential to marketing research, Six-Sigma, financial analysis, and business analytics. Teaches managers how they can use business analytics to formulate and solve business problems to enhance managerial decision-making Explains the processes needed to develop, report and analyze business data Describes how to use and apply business analytics software Offers expanded coverage on the value and application of prescriptive analytics Includes a wealth of illustrative exercises that are newly organized by difficulty level Winner of the 2017 Textbook and Academic Authors Association's (TAA) Most Promising New Textbook Award in the prior edition

Process Simulation Using WITNESS

Author : Raid Al-Aomar
Publisher : John Wiley & Sons
ISBN 13 : 1119019761
Total Pages : 590 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis Process Simulation Using WITNESS by : Raid Al-Aomar

Download or read book Process Simulation Using WITNESS written by Raid Al-Aomar and published by John Wiley & Sons. This book was released on 2015-08-28 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: Teaches basic and advanced modeling and simulation techniques to both undergraduate and postgraduate students and serves as a practical guide and manual for professionals learning how to build simulation models using WITNESS, a free-standing software package. This book discusses the theory behind simulation and demonstrates how to build simulation models with WITNESS. The book begins with an explanation of the concepts of simulation modeling and a “guided tour” of the WITNESS modeling environment. Next, the authors cover the basics of building simulation models using WITNESS and modeling of material-handling systems. After taking a brief tour in basic probability and statistics, simulation model input analysis is then examined in detail, including the importance and techniques of fitting closed-form distributions to observed data. Next, the authors present simulation output analysis including determining run controls and statistical analysis of simulation outputs and show how to use these techniques and others to undertake simulation model verification and validation. Effective techniques for managing a simulation project are analyzed, and case studies exemplifying the use of simulation in manufacturing and services are covered. Simulation-based optimization methods and the use of simulation to build and enhance lean systems are then discussed. Finally, the authors examine the interrelationships and synergy between simulation and Six Sigma. Emphasizes real-world applications of simulation modeling in both services and manufacturing sectors Discusses the role of simulation in Six Sigma projects and Lean Systems Contains examples in each chapter on the methods and concepts presented Process Simulation Using WITNESS is a resource for students, researchers, engineers, management consultants, and simulation trainers.

The Use of Simulation in Management Analysis

Author : Donald G. Malcolm
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.X/5 (3 download)

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Book Synopsis The Use of Simulation in Management Analysis by : Donald G. Malcolm

Download or read book The Use of Simulation in Management Analysis written by Donald G. Malcolm and published by . This book was released on 1958 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Simulation Modeling and Analysis with Expertfit Software

Author : Averill Law
Publisher : McGraw-Hill Science/Engineering/Math
ISBN 13 : 9780073294414
Total Pages : 792 pages
Book Rating : 4.2/5 (944 download)

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Book Synopsis Simulation Modeling and Analysis with Expertfit Software by : Averill Law

Download or read book Simulation Modeling and Analysis with Expertfit Software written by Averill Law and published by McGraw-Hill Science/Engineering/Math. This book was released on 2006-07-21 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the publication of the first edition in 1982, the goal of Simulation Modeling and Analysis has always been to provide a comprehensive, state-of-the-art, and technically correct treatment of all important aspects of a simulation study. The book strives to make this material understandable by the use of intuition and numerous figures, examples, and problems. It is equally well suited for use in university courses, simulation practice, and self study. The book is widely regarded as the “bible” of simulation and now has more than 100,000 copies in print. The book can serve as the primary text for a variety of courses; for example: • A first course in simulation at the junior, senior, or beginning-graduate-student level in engineering, manufacturing, business, or computer science (Chaps. 1 through 4, and parts of Chaps. 5 through 9). At the end of such a course, the students will be prepared to carry out complete and effective simulation studies, and to take advanced simulation courses. • A second course in simulation for graduate students in any of the above disciplines (most of Chaps. 5 through 12). After completing this course, the student should be familiar with the more advanced methodological issues involved in a simulation study, and should be prepared to understand and conduct simulation research. • An introduction to simulation as part of a general course in operations research or management science (part of Chaps. 1, 3, 5, 6, and 9).

The Use of Simulation in Management Analysis. A Survey and Bibliography

Author :
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis The Use of Simulation in Management Analysis. A Survey and Bibliography by :

Download or read book The Use of Simulation in Management Analysis. A Survey and Bibliography written by and published by . This book was released on 1959 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Business Simulation

Author : Markus Baum
Publisher : GRIN Verlag
ISBN 13 : 3656198268
Total Pages : 63 pages
Book Rating : 4.6/5 (561 download)

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Book Synopsis Business Simulation by : Markus Baum

Download or read book Business Simulation written by Markus Baum and published by GRIN Verlag. This book was released on 2012-05-24 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Template, Example from the year 2010 in the subject Business economics - Operations Research, The University of Surrey (School of Management), language: English, abstract: Abstract Business simulation is simulation used for business training or analysis. It can be scenario-based or numeric-based. Most business simulations are used for business acumen training and development. Learning objectives include: strategic thinking, financial analysis, market analysis, operations, teamwork and leadership (WIKIPEDIA). The authors participated in a simulation. The results and mistakes are discussed in this presentation. The authors also discuss the theoretical foundations. This book contains the presentations illustrated and supplemented by explanatory texts. Content 1. Team Organisation 2. Environmental and internal strategic analysis 3. Strategic brief 4. Strategy review 5. Internal control system 6. Financial analysis 7. Conclusion Keyword Business simulation, reflection report, automotive industry, Team Organisation, Environmental and internal strategic analysis, strategic brief, strategy review, internal control system, financial analysis, conclusion, leadership, teamwork, storming, norming, forming, performing, PESTEL, Porter diamond, Porters five forces, start up, market penetration, profitability, new products, relaunch, R&D, KPI, Product portfolio and target markets, SOWT, marketing mix, 4 P, Product, Price, Promotion, Place, Plan, Results, Lessons learned, miscommunication, communication process, COSO, Internal control framework, 5 year trend, profitability analysis, efficiency analysis, investment analysis,

Simulation Techniques in Financial Risk Management

Author : Ngai Hang Chan
Publisher : John Wiley & Sons
ISBN 13 : 1118735994
Total Pages : 227 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis Simulation Techniques in Financial Risk Management by : Ngai Hang Chan

Download or read book Simulation Techniques in Financial Risk Management written by Ngai Hang Chan and published by John Wiley & Sons. This book was released on 2015-04-22 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for the First Edition “...a nice, self-contained introduction to simulation and computational techniques in finance...” – Mathematical Reviews Simulation Techniques in Financial Risk Management, Second Edition takes a unique approach to the field of simulations by focusing on techniques necessary in the fields of finance and risk management. Thoroughly updated, the new edition expands on several key topics in these areas and presents many of the recent innovations in simulations and risk management, such as advanced option pricing models beyond the Black–Scholes paradigm, interest rate models, MCMC methods including stochastic volatility models simulations, model assets and model-free properties, jump diffusion, and state space modeling. The Second Edition also features: Updates to primary software used throughout the book, Microsoft Office® Excel® VBA New topical coverage on multiple assets, model-free properties, and related models More than 300 exercises at the end of each chapter, with select answers in the appendix, to help readers apply new concepts and test their understanding Extensive use of examples to illustrate how to use simulation techniques in risk management Practical case studies, such as the pricing of exotic options; simulations of Greeks in hedging; and the use of Bayesian ideas to assess the impact of jumps, so readers can reproduce the results of the studies A related website with additional solutions to problems within the book as well as Excel VBA and S-Plus computer code for many of the examples within the book Simulation Techniques in Financial Risk Management, Second Edition is an invaluable resource for risk managers in the financial and actuarial industries as well as a useful reference for readers interested in learning how to better gauge risk and make more informed decisions. The book is also ideal for upper-undergraduate and graduate-level courses in simulation and risk management.

Uncertainty Management in Simulation-Optimization of Complex Systems

Author : Gabriella Dellino
Publisher : Springer
ISBN 13 : 1489975470
Total Pages : 282 pages
Book Rating : 4.4/5 (899 download)

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Book Synopsis Uncertainty Management in Simulation-Optimization of Complex Systems by : Gabriella Dellino

Download or read book Uncertainty Management in Simulation-Optimization of Complex Systems written by Gabriella Dellino and published by Springer. This book was released on 2015-06-29 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims at illustrating strategies to account for uncertainty in complex systems described by computer simulations. When optimizing the performances of these systems, accounting or neglecting uncertainty may lead to completely different results; therefore, uncertainty management is a major issues in simulation-optimization. Because of its wide field of applications, simulation-optimization issues have been addressed by different communities with different methods, and from slightly different perspectives. Alternative approaches have been developed, also depending on the application context, without any well-established method clearly outperforming the others. This editorial project brings together — as chapter contributors — researchers from different (though interrelated) areas; namely, statistical methods, experimental design, stochastic programming, global optimization, metamodeling, and design and analysis of computer simulation experiments. Editors’ goal is to take advantage of such a multidisciplinary environment, to offer to the readers a much deeper understanding of the commonalities and differences of the various approaches to simulation-based optimization, especially in uncertain environments. Editors aim to offer a bibliographic reference on the topic, enabling interested readers to learn about the state-of-the-art in this research area, also accounting for potential real-world applications to improve also the state-of-the-practice. Besides researchers and scientists of the field, the primary audience for the proposed book includes PhD students, academic teachers, as well as practitioners and professionals. Each of these categories of potential readers present adequate channels for marketing actions, e.g. scientific, academic or professional societies, internet-based communities, and authors or buyers of related publications.

A Bibliography on the Use of Simulation in Management Analysis

Author : System Development Corporation
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (25 download)

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Book Synopsis A Bibliography on the Use of Simulation in Management Analysis by : System Development Corporation

Download or read book A Bibliography on the Use of Simulation in Management Analysis written by System Development Corporation and published by . This book was released on 1959 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Modeling and Simulation Techniques for Improved Business Processes

Author : Ebrahimi, Maryam
Publisher : IGI Global
ISBN 13 : 1522532277
Total Pages : 265 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Modeling and Simulation Techniques for Improved Business Processes by : Ebrahimi, Maryam

Download or read book Modeling and Simulation Techniques for Improved Business Processes written by Ebrahimi, Maryam and published by IGI Global. This book was released on 2018-01-05 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies are constantly faced with the need to grow and advance in order to compete with other corporations. The implementation of computer innovations allows for smoother transitions to adaptive changes through the use and understanding of analytical tools. Modeling and Simulation Techniques for Improved Business Processes is a critical scholarly resource that examines the systems currently implemented in companies and how they can be upgraded and advanced through various computer design methods. Featuring coverage of a broad range of topics including scenario planning, casual modeling, and system dynamics, this publication is targeted toward researchers, professionals, and engineers searching for current research on corporate innovations created through computer design methods.

Simulation Modeling and Analysis

Author : Averill M. Law
Publisher : McGraw-Hill Companies
ISBN 13 :
Total Pages : 424 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Simulation Modeling and Analysis by : Averill M. Law

Download or read book Simulation Modeling and Analysis written by Averill M. Law and published by McGraw-Hill Companies. This book was released on 1982 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbooks in Operations Research and Management Science: Simulation

Author : Shane G. Henderson
Publisher : Elsevier
ISBN 13 : 0080464769
Total Pages : 693 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis Handbooks in Operations Research and Management Science: Simulation by : Shane G. Henderson

Download or read book Handbooks in Operations Research and Management Science: Simulation written by Shane G. Henderson and published by Elsevier. This book was released on 2006-09-02 with total page 693 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook is a collection of chapters on key issues in the design and analysis of computer simulation experiments on models of stochastic systems. The chapters are tightly focused and written by experts in each area. For the purpose of this volume “simulation refers to the analysis of stochastic processes through the generation of sample paths (realization) of the processes. Attention focuses on design and analysis issues and the goal of this volume is to survey the concepts, principles, tools and techniques that underlie the theory and practice of stochastic simulation design and analysis. Emphasis is placed on the ideas and methods that are likely to remain an intrinsic part of the foundation of the field for the foreseeable future. The chapters provide up-to-date references for both the simulation researcher and the advanced simulation user, but they do not constitute an introductory level ‘how to’ guide. Computer scientists, financial analysts, industrial engineers, management scientists, operations researchers and many other professionals use stochastic simulation to design, understand and improve communications, financial, manufacturing, logistics, and service systems. A theme that runs throughout these diverse applications is the need to evaluate system performance in the face of uncertainty, including uncertainty in user load, interest rates, demand for product, availability of goods, cost of transportation and equipment failures. * Tightly focused chapters written by experts* Surveys concepts, principles, tools, and techniques that underlie the theory and practice of stochastic simulation design and analysis* Provides an up-to-date reference for both simulation researchers and advanced simulation users

Modeling and Simulation Support for System of Systems Engineering Applications

Author : Larry B. Rainey
Publisher : John Wiley & Sons
ISBN 13 : 1118501748
Total Pages : 638 pages
Book Rating : 4.1/5 (185 download)

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Book Synopsis Modeling and Simulation Support for System of Systems Engineering Applications by : Larry B. Rainey

Download or read book Modeling and Simulation Support for System of Systems Engineering Applications written by Larry B. Rainey and published by John Wiley & Sons. This book was released on 2015-01-05 with total page 638 pages. Available in PDF, EPUB and Kindle. Book excerpt: “...a much-needed handbook with contributions from well-chosen practitioners. A primary accomplishment is to provide guidance for those involved in modeling and simulation in support of Systems of Systems development, more particularly guidance that draws on well-conceived academic research to define concepts and terms, that identifies primary challenges for developers, and that suggests fruitful approaches grounded in theory and successful examples.” Paul Davis, The RAND Corporation Modeling and Simulation Support for System of Systems Engineering Applications provides a comprehensive overview of the underlying theory, methods, and solutions in modeling and simulation support for system of systems engineering. Highlighting plentiful multidisciplinary applications of modeling and simulation, the book uniquely addresses the criteria and challenges found within the field. Beginning with a foundation of concepts, terms, and categories, a theoretical and generalized approach to system of systems engineering is introduced, and real-world applications via case studies and examples are presented. A unified approach is maintained in an effort to understand the complexity of a single system as well as the context among other proximate systems. In addition, the book features: Cutting edge coverage of modeling and simulation within the field of system of systems, including transportation, system health management, space mission analysis, systems engineering methodology, and energy State-of-the-art advances within multiple domains to instantiate theoretic insights, applicable methods, and lessons learned from real-world applications of modeling and simulation The challenges of system of systems engineering using a systematic and holistic approach Key concepts, terms, and activities to provide a comprehensive, unified, and concise representation of the field A collection of chapters written by over 40 recognized international experts from academia, government, and industry A research agenda derived from the contribution of experts that guides scholars and researchers towards open questions Modeling and Simulation Support for System of Systems Engineering Applications is an ideal reference and resource for academics and practitioners in operations research, engineering, statistics, mathematics, modeling and simulation, and computer science. The book is also an excellent course book for graduate and PhD-level courses in modeling and simulation, engineering, and computer science.

Design and Analysis of Simulation Experiments

Author : Jack P.C. Kleijnen
Publisher : Springer Science & Business Media
ISBN 13 : 0387718133
Total Pages : 229 pages
Book Rating : 4.3/5 (877 download)

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Book Synopsis Design and Analysis of Simulation Experiments by : Jack P.C. Kleijnen

Download or read book Design and Analysis of Simulation Experiments written by Jack P.C. Kleijnen and published by Springer Science & Business Media. This book was released on 2007-11-15 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simulation is a widely used methodology in all Applied Science disciplines. This textbook focuses on this crucial phase in the overall process of applying simulation, and includes the best of both classic and modern methods of simulation experimentation. This book will be the standard reference book on the topic for both researchers and sophisticated practitioners, and it will be used as a textbook in courses or seminars focusing on this topic.

Statistics, Testing, and Defense Acquisition

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309174198
Total Pages : 240 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Statistics, Testing, and Defense Acquisition by : National Research Council

Download or read book Statistics, Testing, and Defense Acquisition written by National Research Council and published by National Academies Press. This book was released on 1998-05-08 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: For every weapons system being developed, the U.S. Department of Defense (DOD) must make a critical decision: Should the system go forward to full-scale production? The answer to that question may involve not only tens of billions of dollars but also the nation's security and military capabilities. In the milestone process used by DOD to answer the basic acquisition question, one component near the end of the process is operational testing, to determine if a system meets the requirements for effectiveness and suitability in realistic battlefield settings. Problems discovered at this stage can cause significant production delays and can necessitate costly system redesign. This book examines the milestone process, as well as the DOD's entire approach to testing and evaluating defense systems. It brings to the topic of defense acquisition the application of scientific statistical principles and practices.

Developing Organizational Simulations

Author : George C. Thornton III
Publisher : Psychology Press
ISBN 13 : 1135705410
Total Pages : 303 pages
Book Rating : 4.1/5 (357 download)

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Book Synopsis Developing Organizational Simulations by : George C. Thornton III

Download or read book Developing Organizational Simulations written by George C. Thornton III and published by Psychology Press. This book was released on 2003-10-17 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a concise source of information on effective and practical methods for constructing simulation exercises for the assessment of psychological characteristics relevant to effectiveness in work organizations. Simulation exercises present the examinee with descriptions of complex situations that stimulate aspects of real-world settings and problems. Examinees are required to demonstrate overt behavior in handling the problems presented. The process and/or products of this behavior are observed by trained assessors who observe behavior, classify behaviors into relevant dimensions, and evaluate effectiveness. Simulations can provide assessments of abilities, skills, and competencies not readily measured by other testing techniques. Developing Organizational Simulations provides practical guidance for defining the attributes to be assessed, constructing the stimulus material, and designing methods for administration and scoring. Several different situational exercises are presented, including business games, leaderless group discussions, in-baskets, one-on-one interaction simulations, and case studies/presentations. Steps to ensure the reliability, validity, and legal defensibility of assessments from simulations are described. In addition, the book presents the use of simulation exercises for the purposes of personnel selection, training, development, and certification. Professional standards and guidelines relevant to the construction of simulation exercises are also covered.

Introduction to Simulation and Risk Analysis

Author : James Robert Evans
Publisher :
ISBN 13 :
Total Pages : 416 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Introduction to Simulation and Risk Analysis by : James Robert Evans

Download or read book Introduction to Simulation and Risk Analysis written by James Robert Evans and published by . This book was released on 2002 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simulation fundamentals : Introduction to Simulation - Simulation Using Excel - Probability and Statistics in Simulation - Simulation in risk analysis : Risk Analysis Using Crystal Ball - Applications of Risk Analysis - Building System Simulation Models - Systems simulation : Output Analysis and Experimentation for Systems Simulation - Systems Simulation Using ProcessModel - Applications of Systems Simulation - Extensions of simulation : Simulation in Forecasting and Optimization.