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Introduction to Business Analytics Using Simulation

2022-02-06 Business & Economics
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Release : 2022-02-06
Genre : Business & Economics
Kind : eBook
Book Rating : 173/5 ( reviews)

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Book Synopsis Introduction to Business Analytics Using Simulation by : Jonathan P. Pinder

Download or read book Introduction to Business Analytics Using Simulation written by Jonathan P. Pinder. This book was released on 2022-02-06. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business Analytics Using Simulation, Second Edition employs an innovative strategy to teach business analytics. The book uses simulation modeling and analysis as mechanisms to introduce and link predictive and prescriptive modeling. Because managers can't fully assess what will happen in the future, but must still make decisions, the book treats uncertainty as an essential element in decision-making. Its use of simulation gives readers a superior way of analyzing past data, understanding an uncertain future, and optimizing results to select the best decision. With its focus on uncertainty and variability, this book provides a comprehensive foundation for business analytics. Students will gain a better understanding of fundamental statistical concepts that are essential to marketing research, Six-Sigma, financial analysis, and business analytics. Teaches managers how they can use business analytics to formulate and solve business problems to enhance managerial decision-making Explains the processes needed to develop, report and analyze business data Describes how to use and apply business analytics software Offers expanded coverage on the value and application of prescriptive analytics Includes a wealth of illustrative exercises that are newly organized by difficulty level Winner of the 2017 Textbook and Academic Authors Association's (TAA) Most Promising New Textbook Award in the prior edition

Introduction to Business Analytics Using Simulation Models

2015-08-06
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Release : 2015-08-06
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Kind : eBook
Book Rating : 134/5 ( reviews)

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Book Synopsis Introduction to Business Analytics Using Simulation Models by : Jonathan Pinder

Download or read book Introduction to Business Analytics Using Simulation Models written by Jonathan Pinder. This book was released on 2015-08-06. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business Analytics Using Simulation Models introduces the fundamental principle of business analytics and data science: APPLIED PROBABILITY. Because probability is extremely counter-intuitive, the book makes extensive use of simulation models to provide students with experiential learning to develop a deep and true understanding of how uncertainty and decision-making work. This book helps you understand the foundation of data science techniques in use today.Based on an MBA course Jon has taught at Wake Forest University over the past 25 years, Introduction to Business Analytics Using Simulation Models provides examples of real-world business problems to illustrate these principles. You'll learn how to think about the uncertain future and create data-science probability models for business decision-making.

Mathematical Modeling for Business Analytics

2017-12-15 Business & Economics
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Release : 2017-12-15
Genre : Business & Economics
Kind : eBook
Book Rating : 249/5 ( reviews)

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Book Synopsis Mathematical Modeling for Business Analytics by : William P. Fox

Download or read book Mathematical Modeling for Business Analytics written by William P. Fox. This book was released on 2017-12-15. Available in PDF, EPUB and Kindle. Book excerpt: Mathematical Modeling for Business Analytics is written for decision makers at all levels. This book presents the latest tools and techniques available to help in the decision process. The interpretation and explanation of the results are crucial to understanding the strengths and limitations of modeling. This book emphasizes and focuses on the aspects of constructing a useful model formulation, as well as building the skills required for decision analysis. The book also focuses on sensitivity analysis. The author encourages readers to formally think about solving problems by using a thorough process. Many scenarios and illustrative examples are provided to help solve problems. Each chapter is also comprehensively arranged so that readers gain an in-depth understanding of the subject which includes introductions, background information and analysis. Both undergraduate and graduate students taking methods courses in methods and discrete mathematical modeling courses will greatly benefit from using this book. Boasts many illustrative examples to help solve problems Provides many solutions for each chapter Emphasizes model formulation and helps create model building skills for decision analysis Provides the tools to support analysis and interpretation

Business Analytics with Management Science Models and Methods

2015 Business & Economics
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Release : 2015
Genre : Business & Economics
Kind : eBook
Book Rating : 359/5 ( reviews)

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Book Synopsis Business Analytics with Management Science Models and Methods by : Arben Asllani

Download or read book Business Analytics with Management Science Models and Methods written by Arben Asllani. This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: This book is about prescriptive analytics. It provides business practitioners and students with a selected set of management science and optimization techniques and discusses the fundamental concepts, methods, and models needed to understand and implement these techniques in the era of Big Data. A large number of management science models exist in the body of literature today. These models include optimization techniques or heuristics, static or dynamic programming, and deterministic or stochastic modeling. The topics selected in this book, mathematical programming and simulation modeling, are believed to be among the most popular management science tools, as they can be used to solve a majority of business optimization problems. Over the years, these techniques have become the weapon of choice for decision makers and practitioners when dealing with complex business systems.

Simulation Modelling for Business

2017-03-02 Business & Economics
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Release : 2017-03-02
Genre : Business & Economics
Kind : eBook
Book Rating : 988/5 ( reviews)

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Book Synopsis Simulation Modelling for Business by : Andrew Greasley

Download or read book Simulation Modelling for Business written by Andrew Greasley. This book was released on 2017-03-02. Available in PDF, EPUB and Kindle. Book excerpt: Simulation Modelling has been used for many years in the manufacturing sector but has now become a mainstream tool in business situations. This is partly because of the popularity of Business Process Reengineering (BPR) and other process based improvement methods that use simulation to help analyse changes in process design. This text book includes case studies in both manufacturing and service situations to demonstrate the usefulness of the approach. A further reason for the increasing popularity of the technique is the development of business orientated and user-friendly windows-based software. This text provides a guide to the use of ARENA, SIMUL8 and WITNESS simulation software systems which are widely used in industry and available to students. Overall this text provides a practical guide to building and implementing the results from a simulation model. All the steps in a typical simulation study are covered including data collection, input data modelling and experimentation.

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