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Introduction to Simulation and Risk Analysis, 2/E
James R. Evans, University of Cincinnati
David L. Olson, Texas A&M University

ISBN-10: 0130329282
ISBN-13:  9780130329288

Publisher:  Prentice Hall
Copyright:  2002
Format:  Cloth; 392 pp
Published:  07/03/2001
Status: Out of Print


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Description

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.


Features

  • Fully covers all basic concepts of simulation, providing discussions on the nature of simulation models, systems (time/event driven) simulation; techniques for implementing simple simulation models on Excel spreadsheets, methods for generating probabilistic outcomes, a comprehensive review of statistical concepts and methods important in simulation analysis, and much more.
  • Spreadsheets used as the principal learning approach throughout each lesson—Takes advantage of the charting and visual capabilities of Excel.
  • In-depth study of risk analysis using the Excel add-in Crystal Ball as a practical method for Monte Carlo simulation throughout the text; provides a quasi-users' manual for Crystal Ball as well as an original application developed by Cinergy Corporation; presents a variety of applications in operation management, finance, and marketing.
  • Detailed analysis of systems simulation—Describes the fundamentals of simulating inventory and queuing systems; develops activity scanning, process, and event-driven simulation methodology; discusses output analysis and experimentation in systems simulation; includes realistic applications in operations scheduling, information systems, and medicine, and more.
  • NEW - Full student version of Crystal Ball and ProcessModel.

    • These two software packages are used professionally for simulation. Ex.___

  • NEW - Additional examples, cases, questions, problems and illustrations of simulation models—Many new and realistic examples of simulation models in finance, marketing, engineering, and other disciplines.

    • Helps students gain a deeper understanding of simulation by applying concepts and models to actual business scenarios. Ex.___


New To This Edition

  • Full student version of Crystal Ball and ProcessModel.

    • These two software packages are used professionally for simulation. Ex.___

  • Additional examples, cases, questions, problems and illustrations of simulation models—Many new and realistic examples of simulation models in finance, marketing, engineering, and other disciplines.

    • Helps students gain a deeper understanding of simulation by applying concepts and models to actual business scenarios. Ex.___


Table of Contents

I. SIMULATION FUNDAMENTALS.

 1. Introduction to Simulation.

 2. Simulation Using Excel.

 3. Probability and Statistics in Simulation.

II. SIMULATION IN RISK ANALYSIS.

 4. Risk Analysis Using Crystal Ball.

 5. Applications of Risk Analysis.

III. SYSTEMS SIMULATION.

 6. Building System Simulation Models.

 7. Output Analysis and Experimentation for Systems Simulation.

 8. Systems Simulation Using ProcessModel.

 9. Applications of System Simulation.

IV. EXTENSIONS OF SIMULATION.

10. Simulation in Forecasting and Optimization.

Appendix A. Normal Distribution.

Appendix B. t Distribution.

Appendix C. Chi Square Limits.

Appendix D. Kolmogorov-Smirnov Limits.

Bibliography.

Index.



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Companion Website - Evans, 2/E
Evans
©2002  |  Prentice Hall  |  On-line Supplement  |  Not Yet Published
ISBN-10: 0130461903  |  ISBN-13: 9780130461902
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Companion Website - Evans, 2/E
Evans
©2002  |  Prentice Hall  |  On-line Supplement  |  Not Yet Published
ISBN-10: 0130461903  |  ISBN-13: 9780130461902
More Info

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Websites and online courses

Companion Website - Evans, 2/E
Evans
©2002  |  Prentice Hall  |  On-line Supplement  |  Not Yet Published
ISBN-10: 0130461903  |  ISBN-13: 9780130461902
More Info


Websites and Online Courses

Companion Website - Evans, 2/E
Evans
©2002  |  Prentice Hall  |  On-line Supplement  |  Not Yet Published
ISBN-10: 0130461903  |  ISBN-13: 9780130461902
More Info

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