Product Description
The fifth edition of this book reflects its continued popularity and standing in the field. It provides a clear guide to the role of modelling and the computer simulation methods used in management science. Readers will find an in–depth coverage of the modelling, computing and statistical aspects of discrete simulation and systems dynamics.
Overall the book shows how practical simulation models are built and used, and provides the theory needed to do this. Revisions to this edition include a new chapter on Monte Carlo simulation using spreadsheets, a new look inside discrete simulation software and simulation models in Visual Basic, SIMUL8 and Micro Saint.
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From the Back Cover
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
About the Author
Michael Pidd is Professor of Management Science in the Management Science Department of Lancaster University Management School. He is author of Tools for Thinking: Modelling in Management Science, now in its second edition, and editor of Systems Modelling: Theory and Practice – both published by John Wiley & Sons. He is a consultant to businesses and the public sector, a former President of the Operational Research Society and is a Research Fellow in the UK′s Advanced Institute for Management Research.
