Simulation modelling involves the development of models that imitate real-world operations, and statistical analysis of their performance with a view to improving efficiency and effectiveness. This non-technical textbook is focused towards the needs of business, engineering and computer science students, and concentrates on discrete event simulations as it is used in operations management. Stewart Robinson of Warwick Business School offers guidance through the key stages in a simulation project in terms of both the technical requirements and the project management issues surrounding it. Readers will emerge able to develop appropriate valid conceptual models, perform simulation experiments, analyse the results and draw insightful conclusions.

Product Description: Several points of disagreement exist between different modelling traditions as to whether complex models are always better than simpler models, as to how to combine results from different models and how to propagate model uncertainty into forecasts...read more