Essentials of Monte Carlo Simulation
Price:
54.00 ؋
37.80 ؋
Short Description:
Monte Carlo simulation techniques applied to forecasting, inventory, safety stock, and production sequencing for decision-making.
This text presents Monte Carlo simulation principles tailored for building statistical models with real-world industry applications. It covers diverse topics including time series forecasting accuracy, order quantity strategies, safety stock determination, and production job sequencing. The author draws from extensive professional and academic experience, providing practical examples and solution methods coded in various programming languages. Notable themes include comparison of forecasting intervals, inventory cost optimization, supplier delivery impact on service levels, and scheduling in mixed-model assembly lines. Additionally, it addresses estimation methods for multivariate normal and lognormal distributions. Readers benefit from the integration of classroom theory with applied industrial problems, supporting confident managerial decisions through simulation analysis.
Additional Information
- Title
- Essentials of Monte Carlo Simulation
- Authors
- Nick T. Thomopoulos
- Translator
- -
- Publisher
- BASHARATE BOOK STORE
- Book Format
- Book Type
- Digital
- Number of Pages
- 180
- Publication Year
- 2013
- Book Size
- 1.1 MB
- Book Language
- English
