This work focuses on the modelling of management systems for simulation. It includes both discrete simulation and system dynamics and provides practical advice on model validation. Statistical sections emphasise the controls of variation in discrete simulation.
The 5th edition of this popular book is essential for management science students, MBAs and practitioners in this area. It shows how practical simulation models are built and used, and provides the theory needed to do this – whatever software is used. It covers the modelling methods, computing and statistical requirements for successful simulation and includes:
- a new chapter on Monte Carlo simulation using spreadsheets
- a new look inside discrete simulation software
- simulation models in Visual Basic, SIMUL8 and Micro Saint
- system dynamics using Powersim