Chapter 13 Simulation Modeling

Learning Objectives

After completing this chapter, students will be able to:

  1. 13.1 Explain the advantages and disadvantages of simulation.

  2. 13.2 Understand the five steps of conducting a Monte Carlo simulation.

  3. 13.3 Analyze a simulation model as applied to inventory control.

  4. 13.4 Analyze a simulation model as applied to queuing theory.

  5. 13.5 Analyze a simulation model as applied to machine maintenance.

  6. 13.6 Understand the other two types of simulation models: operational gaming and systems simulation.

We are all aware to some extent of the importance of simulation models in our world. Boeing Corporation and Airbus Industries, for example, commonly build simulation models of their proposed jet aircraft and ...

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