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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.
For upper-level undergraduate and beginning graduate courses in simulation or simulations modeling found in Management/Decision Science.
Unlike most software packages for simulation -- which are generally oriented toward engineering applications, are often intimidating to use, and are not suitable for applications of risk analysis -- this text provides an introduction to the concepts, methodologies, and applications of simulation in business, specifically. Easy-to-use and apply, it uses spreadsheets as the principal means to illustrate simulation models and computational issues -- providing students with a solid foundation for learning to use the more advanced commercially available simulation software. The value of simulation is demonstrated through the use of real applications throughout.
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