Simulation [electronic resource] / Sheldon M. Ross.

Simulation [electronic resource] / Sheldon M. Ross.

5th ed.

9780124158252
9780124159716 (electronic book)

Amsterdam : Academic Press, 2013.

English

xii, 310 p. : ill.

QA273 .R82 2013

519.2

"In formulating a stochastic model to describe a real phenomenon, it used to be that one compromised between choosing a model that is a realistic replica of the actual situation and choosing one whose mathematical analysis is tractable. That is, there did not seem to be any payoff in choosing a model that faithfully conformed to the phenomenon under study if it were not possible to mathematically analyze that model. Similar considerations have led to the concentration on asymptotic or steady-state results as opposed to the more useful ones on transient time. However, the relatively recent advent of fast and inexpensive computational power has opened up another approach--namely, to try to model the phenomenon as faithfully as possible and then to rely on a simulation study to analyze it"-- Provided by publisher.

Includes bibliographical references and index.

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