Introduction To Simulation
Simulations study the interaction of random variables in a business process over time – how many customers might walk in the door at any moment, the return on an upcoming advertising campaign, the chance of your information system going down – and use the results to improve business policies. This article provides an overview of simulation and shows how it’s particularly useful for learning about … [ Read more ]
Content: Article | Author: Ricki G. Ingalls | Source: “Institute for Operations Research and the Management Sciences (INFORMS)” | Subjects: Operations, Statistics