![]() ![]() planning - a behavioral tool - not just a quantitative tool for operations research specialists - a general device to help people think clearly If the simulation’s predictions differ from what really happens, refine the model in a systematic way until its predictions are in close enough agreement with reality.ģ What is Simulation? A Versatile Tool Simulation is - a rehearsal Simulations helps to quantify relationships among variables that are to complex to analyze mathematically. Models are simplifications that try to include the essentials while omitting unimportant details. All rights reserved.Ģ What is Simulation? A simulation is a computer model that attempts to imitate the behavior of a real system or activity. Presentation on theme: "Monte Carlo Simulation Random Number Generation"- Presentation transcript:ġ Monte Carlo Simulation Random Number Generationġ8 Simulation Chapter What is Simulation? Monte Carlo Simulation Random Number Generation Excel Add-Ins Dynamic Simulation McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc.
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