Simulation Modeling Using @RISK: Updated for Version 4
| Author | : | |
| Rating | : | 4.36 (843 Votes) |
| Asin | : | 053438059X |
| Format Type | : | paperback |
| Number of Pages | : | 226 Pages |
| Publish Date | : | 2013-09-26 |
| Language | : | English |
DESCRIPTION:
Genevieve Hayes said You don't need this book. There are only two reasons that I can think of as to why a person might want to buy this book: either they want to learn about simulation modelling or they want to learn how to use @Risk. Regardless of which category you fall into, buying this book is not the best course of action.Although, if you read this book, you would undoubtedly learn something about simulation modelling, there are better books to teach you about simulation. Winston presents very little of the theory behind simulation in this book and instead focuses on teaching thr. "Excellent introduction to simulation with many examples." according to A Customer. A one of a kind book that introduces simulation with spreadsheets and shows models of different disciplines. Makes the use of spreadsheet simulation easy and applicable to many every-day business problems. Clear and easy to read, and to follow the examples in Excel or Lotus.Keep an eye on Winston. If he continues publishing as he has with his last two books, he will clearly be one of those unique and very few academic leaders that transcend the large void between theoretical teaching and practical, real world, business applications. He wi. "The book was well received; the software was poor." according to A Customer. While the written material was of the expected quality, I never could get the associated software to install. Since, to me, this was half the value of the purchase price, I am deeply disappointed. The customer support was as badly developed as the four year old Install program, which, incidently, does not come with Install Shield. Not very professional in my mind. If you buy this book, and intend to run the software, good luck to you! Even with the poor support of Palisade Software, I could not get it to load onto my Thinkpad under Win95-
It is designed for use as the primary learning tool in a short business simulation course (for advanced undergraduate and MBA students), or as a supplement to courses in investments, corporate finance, management science, marketing strategy, operations management, and actuarial science.. With its understandable explanations of Monte Carlo and step-by-step instructions for Microsoft Excel, Lotus, and @Risk software, this text/software package offers both the instruction and the practice students need to begin solving complex business problems
APPLICATIONS OF SIMULATION TO CORPORATE FINANCIAL PLANNING Using the Triangular Distribution to Model Sales / Sensitivity Analysis with Tornado Graphs / Sensitivity Analysis with Scenarios / Alternative Modeling Strategies / Problems 7. USING SIMULATION TO DETERMINE OPTIMAL MAINTENANCE POLICIES Example 14.1 / Problems 15. SIMULATING A SINGLE-SERVER QUEUING SYSTEM Example 24.1: Queuing Simulation in @RISK / Estimating the Operating Characteristics of a Queuing System / Problems . GENERATING CORRELATED VARIABLES: DESIGNING A NEW PRODUCT Example 21.1 / Problems 22. PRICING PATH-DEPENDENT AND EXOTIC OPTIONS Example 17.1: Pricing a Path Dependent Option / Problems 18. SIMULATION AND BIDDING Uniform Random Variables / A Bidding Example / Problems 10. USING IMMUNIZATION TO MANAGE INTEREST RATE RISK Duration / Convexity / Immunization Against Interest Rate Risk / Example 18.1: Immunization Using Solver / Better Models for Interest Rate Risk / Proble
His current interest is in showing how spreadsheet models can be used to solve business problems in all disciplines, particularly in finance, sports, and marketing. In addition to publishing more than 20 articles in leading journals, Dr. in operations research from Yale. . degree in mathematics from MIT and his Ph.D. He has won more than 45 teaching awards, including the school-wide MBA award six times. He received his B.S. Wayne L. Winston has written such successful textbooks as OPERATIO