Main Module Four Simulation
Learning Objectives
At the end of the module, the student will:
Understand what simulation is and how it aids in the analysis of a problem. Learn why simulation is a significant problem-solving tool. Identify the important role probability distributions, random numbers, and the computer play in simulation. Realize the relative advantages and disadvantages of simulation models. Understand the difference between static and dynamic simulation. Be able to interpret output of simulation models.
Understand what simulation is and how it aids in the analysis of a problem.
Learn why simulation is a significant problem-solving tool.
Identify the important role probability distributions, random numbers, and the computer play in simulation.
Realize the relative advantages and disadvantages of simulation models.
Understand the difference between static and dynamic simulation.
Be able to interpret output of simulation models.
Readings
Anderson, D., Sweeney, D., and Williams, T. Introduction to Management Science (12th ed.). Cincinnati, OH: South-Western College Publishing.
Chapter 1 - section 1.3 and 1.4 (Scan) Chapter 13- Section 13.4 – Risk Analysis (Scan) Chapter 12 - Simulation
Chapter 1 - section 1.3 and 1.4 (Scan)
Chapter 13- Section 13.4 – Risk Analysis (Scan)
Chapter 12 - Simulation
Notes
The following topics are included in summary notes for Module Four.
Module 4.1 Notes: Simulation Module 4.2 Notes: Risk Analysis
Module 4.1 Notes: Simulation
Module 4.2 Notes: Risk Analysis
