Monte Carlo Simulation Using RiskSim 10 10.1 RISKSIM OVERVIEW RiskSim is a Monte Carlo Simulation add-in for Microsoft Excel 2000–2010 (Windows) and Microsoft Excel 2004 (Macintosh). RiskSim provides random number generator functions as inputs for your model‚ automates Monte Carlo simulation‚ and creates charts. Your spreadsheet model may include various uncontrollable uncertainties as input assumptions (e.g.‚ demand for a new product‚ uncertain variable cost of production‚ competitor reaction)
Premium Cumulative distribution function Spreadsheet
EP313 Chemical Process Simulation and Design L1 - Introduction 10/1/2014 Process modeling: Concept 1 Identification: our objective is to find structure‚ R of the process. We must know the input‚ I and output‚ O parameters. I R? O 10/1/2014 Process modeling: Concept 2 Simulation: our objective is to get the value of O. We know the structure of the model‚ R and we can simulate what the output‚ O for the given input‚ I. I R O? 10/1/2014 Process modeling
Premium Engineering Design Operations research
FINANCE SIMULATION: M&A IN WINE COUNTRY DEBRIEF SLIDES HBP PRODUCT NO. 4807 This PowerPoint presentation was prepared by Professor Timothy Luehrman for the sole purpose of aiding classroom instructors in the use of Finance Simulation: M&A in Wine Country V2 (HBP No. 4805). HBP educational materials are developed solely as the basis for class discussion. These materials are not intended to serve as endorsements‚ sources of primary data‚ or illustrations of effective or ineffective management. Copyright
Premium Harvard Business School Harvard University Business school
Running head: Simulation Assignment Simulation Assignment Michelle Lannon University of Phoenix HCS442 Abstract The simulation exercise consisted of a scenario in which the student was to be a manager at an up and coming facility. There were 3 sets of tasks to be accomplished‚ and the results of the student ’s choices given immediately to the student. Each choice affected the outcome in some way‚ whether positive or negative. Simulation Paper Upon completion of this exercise‚ I discovered
Premium Decision making Decision making software Decision theory
Micromoters Simulation The first thing I noticed with this simulation was how complex it was compared to the first simulation with Universal. But also I noticed right away that being fired was also easy to do‚ and did occur as I was trying to figure out exactly how to run the simulation. Once I had a descent understanding of the simulation I was noticing it was uneasy to make all of the customers very satisfied and really easy to make them very dissatisfied. When I would start running the simulation
Premium Income Price Revenue
the data under analysis reveals the changes in pricing strategy over the duration of the 6 simulations. When specific reference is made to the Unit Price it can be noted that for the first 3 simulations the Unit Price for the backpack‚ targeted primarily towards Urban Computers‚ was $45. But‚ in the 4th and 5th rounds of sales‚ the Unit Price was decreased to $34. Lastly‚ in the 6th and final simulation of analysis the Unit Price was decreased to a final price of $28. Analysis of the Price Score
Premium Pricing Price Competition
Microeconomics and the Laws of Supply and Demand: A Simulation D. Buress ECO/365 February 2‚ 2015 R. Caratao Microeconomics and the Laws of Supply and Demand: A Simulation The simulation this week was based on an apartment rental agency‚ GoodLife Management‚ in the fictitious town of Atlantis. GoodLife Mgmt. manages the month-to-month rental of 2- bedroom apartment units. By using different situations and assumptions‚ the simulation provides examples of how certain market factors can affect the supply
Premium Supply and demand
HBP management simulation Analysing cause and effect relationship Team attributes: The team morale (TM) and stress level (SL) seem to be caused by common parameters. Their correlation is first positive and then becomes negative. The turning point is at the SL 1.2 approximately. The effects of positive and negative stress explain this relation‚ respectively. A SL below 0.9 is low‚ indicating the team is bored and is linked to low TM‚ which reflects an absence of challenge. Here‚ an increase
Premium Project management Team
Marketing Simulation: Managing Segments and Customers Prepare Tab Video Transcripts How to Play Video and Initial Customer Interview Videos “How to Play” Audio Script In this simulation‚ you are the newly appointed CEO for Minnesota Micromotors‚ a medical motors device manufacturer. You must determine the company’s overall marketing strategy and make critical decisions around Minnesota Micromotors positioning relative to ever-changing market segment needs and behaviors. These include setting the
Premium Marketing Orthopedic surgery
according to the randomization application (random.org). I used the bootstrapping simulation because I want to use this data that I get to represent the whole population (all undergraduate psychology courses offered at IU) and find the confidence interval. Then‚ I run the simulations 100‚000 times as the data have been stabilized at this point. In this case‚ one run of the run simulation means. Each run of this simulation means picking 30 values with replacement from the original sample‚ calculating
Premium Education High school Psychology