Simulation - Hardcover

Sheldon Ross

Hardcover

ISBN 10: 0124158250 ISBN 13: 9780124158252

Publisher: Academic Press, 2012

Synopsis

Ross' "Simulation, Fifth Edition" introduces aspiring and practicing actuaries, engineers, computer scientists and others to the practical aspects of constructing computerized simulation studies to analyze and interpret real phenomena. Readers learn to apply results of these analyses to problems in a wide variety of fields to obtain effective, accurate solutions and make predictions about future outcomes. This text explains how a computer can be used to generate random numbers, and how to use these random numbers to generate the behavior of a stochastic model over time. It presents the statistics needed to analyze simulated data as well as that needed for validating the simulation model. The features new to this Edition are: additional material on variance reduction, including control variables and their use in estimating the expected return at blackjack and their relation to regression analysis; additional material and examples on Markov chain monte carlo methods; unique material on the alias method for generating discrete random variables; additional material on generating multivariate normal vectors; "R" software code package on the website the correlates to the specific material in the book; instructors solutions manual; and, student solutions manual.

About this title

Product Description:

Simulation Introduces aspiring and practicing actuaries, engineers, computer scientists and others to the practical aspects of constructing computerized simulation studies to analyze and interpret real phenomena. This title presents the statistics needed to analyze simulated data as well as that needed for validating the simulation model.

Review:

"I have always liked Ross' books, as he is simultaneously mathematically rigorous and very interested in applications. The biggest strength I see is the rare combination of mathematical rigor and illustration of how the mathematical methodologies are applied in practice. Books with practical perspective are rarely this rigourous and mathematically detailed. I also like the variety of exercises, which are quite challenging and demanding excellence from students" Prof. Krzysztof Ostaszewski, Illinois State University. "I've taught several other courses with Ross books and they're great. He has very clever problems and a great writing style". Prof.from Boston University (do not quote) --Prof. Krzysztof Ostaszewski, Illinois State University

About this edition

• Publisher: Academic Press
• Publication date: 2012
• ISBN 10: 0124158250
• ISBN 13: 9780124158252
• Binding: Hardcover
• Edition number: 5
• Number of pages: 400