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Cover of Simulation: (Statistical Modeling and Decision Science)

Simulation: (Statistical Modeling and Decision Science)

(Hardback)

Sheldon M. Ross,

Elsevier Science Publishing Co Inc (Publisher)

Published
1996
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Simulation allows complex real world situations to be analyzed quantitatively. First, a model is created to represent the situation, then, using probability and statistics theory, the computer can perform a simulation to predict the outcome of this situation. This text provides a description of the generation of random variables and their use in analyzing a model in simulation study. It details how a computer may be used to generate random numbers, which may then be used to generate the behaviour of a stochastic model over time. The statistics needed to analyze simulated data and to validate the simulation model are also presented.

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