HMP654 -186- Simulation - Introduction Deterministic vs. Stochastic Models Risk Analysis Random Variables Best Case/Worst Case Analysis What-If Analysis.

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Presentation transcript:

HMP Simulation - Introduction Deterministic vs. Stochastic Models Risk Analysis Random Variables Best Case/Worst Case Analysis What-If Analysis Simulation

HMP Simulation - Introduction Deterministic Inputs Stochastic Inputs ProcessOutput

HMP Simulation - Random Variables

HMP Simulation - A Corporate Health Insurance Example Case Problem (R) p. 517

HMP Simulation - A Corporate Health Insurance Example

HMP Simulation - A Corporate Health Insurance Example

HMP Simulation file file settings Add selected cells outputs Display inputs by outputs table Run Simulation Show window

HMP Simulation - A Corporate Health Insurance Example

HMP Simulation - A Corporate Health Insurance Example

HMP Simulation - A Corporate Health Insurance Example

HMP Simulation - A Corporate Health Insurance Example

HMP Simulation - A Corporate Health Insurance Example

HMP Simulation - A Corporate Health Insurance Example

HMP Simulation - A Corporate Health Insurance Example

HMP Simulation Spreadsheet Models Develop the model equations and enter them into a spreadsheet Identify input variables that are uncertain Assign a probability distribution to each uncertain input variable Run the model

HMP Risk Simulation - Applications A Capital Budgeting Example

HMP Risk Simulation - Applications

HMP Risk Simulation - Applications

HMP Risk Simulation - Applications

HMP Risk Simulation - Applications

HMP Risk Simulation - Applications

HMP Risk Simulation - Applications

HMP Risk Simulation - Applications Sensitivity Analysis

HMP Risk Simulation - Applications Scenario Analysis

HMP Risk Simulation - Applications Correlated Inputs

HMP Risk Simulation - Applications

HMP Risk Simulation - Applications

HMP Risk Simulation - Applications

HMP Simulation An Inventory Control Example Case Problem - (R) p. 539

HMP Simulation An Inventory Control Example

HMP Simulation An Inventory Control Example

HMP Simulation An Inventory Control Example

HMP Simulation An Inventory Control Example

HMP Simulation An Inventory Control Example

HMP Simulation An Inventory Control Example

HMP Simulation An Inventory Control Example