Introduction to Simulation and Risk Analysis

Provides an introduction to the concepts, methodologies, and applications of simulation in business. Microsoft Excel spreadsheets are used as the principal means to illustrate simulation models and computational issues (although most models can be translated into other spreadsheet formats), allowing both risk analysis and systems simulation approaches to be addressed in a common framework. For upper-level undergraduate and beginning graduate students in business administration and related disciplines. Annotation c. by Book News, Inc., Portland, Or.

This book provides an introduction to the concepts, methodologies, and applications of simulation in business, specifically. Spreadsheets are used as the principal means to illustrate simulation models and computational issues -- providing readers with a solid foundation for learning to use the more advanced commercially available simulation software. The value of simulation is demonstrated through the use of real applications throughout. For readers interested in simulation or simulations modeling.