Description
Computer Simulation in Management Science is an essential resource for understanding how simulation technology can be leveraged to solve real-world management challenges. This fifth edition explores the theoretical foundations and practical applications of computer simulation in business decision-making.
The book covers key simulation methodologies, discrete event simulation, Monte Carlo techniques, and system dynamics approaches. It demonstrates how managers can use simulation models to analyze complex business scenarios, forecast outcomes, and optimize operations without implementing costly real-world changes.
Readers will learn to build effective simulation models, validate results, and interpret findings for strategic decision-making. The text includes case studies and examples from various industries, making it valuable for students, academics, and professionals in operations research, management science, and business analytics.
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