Decision Modeling Using Excel, Course Notes, Spring

Read or Download Decision Modeling Using Excel, Course Notes, Spring PDF

Similar software: office software books

Professional VSTO 2005 Visual Studio 2005 Tools for Office

Expert visible Studio 2005 instruments for workplace satisfies the necessity to write company software program in response to workplace through supplying useful recommendations for these looking to port current performance to VSTO. The publication makes a speciality of code and implementation, now not idea, with code examples awarded in either VB and C#.

The 2000-2005 World Outlook for Pork

The liberalization of markets has bring about list degrees of foreign investments. Icon team Ltd. 's fundamental venture is to aid foreign managers to higher plan and enforce options in an international economic climate. It does so via offering a number of really good stories, information bases, courses and companies to its consumers.

Countryside Recreation, Access and Land Use Planning

During this ebook, Nigel Curry offers a whole serious appraisal of regulations and plans for nation-state activity, and proposes, within the context of rural restructuring as an entire, a number of new instructions for coverage that would greater serve the desires of either the general public and the geographical region to the flip of the century.

Access All Areas: A Real World Guide to Gigging and Touring

From the bureaucracy to the sensible facets, entry All components can provide a very good perception into the dwell track and traveling undefined. Drawing on an enormous diversity of real-world reviews Wilkins offers you the foremost technical facets of gigging and traveling in an simply understood demeanour. even if you're appearing in a church, membership or live performance corridor, entry All components has examples and recommendations to make the development run easily.

Additional resources for Decision Modeling Using Excel, Course Notes, Spring

Example text

The numbers appear to be random, and they pass various statistical tests for randomness. But they are actually calculated by an algorithm where each random number depends on the previous random number. Such an algorithm generates a repeatable sequence. The seed specifies where the algorithm starts in the sequence. A Monte Carlo simulation model usually has uncontrollable inputs (uncertain quantities using random number generator functions), controllable inputs (decision variables that have fixed values for a particular set of simulation iterations), and an output variable (a performance measure or operating characteristic of the system).

Each point is specified by a possible value, x, and a corresponding left-tail cumulative probability, P(X<=x). Random values are based on linear interpolation between the specified points. RANDCUMULATIVE Syntax: RANDCUMULATIVE(value_cumulative_table) Value_cumulative_table must be a reference, or the defined name of a reference, for a two-column range, with values in the left column and corresponding cumulative probabilities in the right column. RANDCUMULATIVE Remarks Returns #N/A if there are too few or too many arguments.

It requires only three inputs: minimum, mode (most likely value), and maximum. , piecewise quadratic. 5 Trials 1,000 Mean St. Dev. Mean St. 5 Trials 1,000 Mean St. Dev. Mean St. 0 -$100,00 -$50,000 0 $0 $50,000 $100,00 $150,00 $200,00 $250,00 $300,00 $350,00 0 0 0 0 0 0 NPV 53 Comparison Process 1 Mean St. Dev. Mean St. 1034 Mean St. Dev. Mean St. 0 -$100,000 -$50,000 $0 $50,000 $100,000 $150,000 NPV 54 $200,000 $250,000 $300,000 $350,000 Queue Simulation A warehouse has one dock used to unload railroad freight cars.

Download PDF sample

Rated 4.89 of 5 – based on 14 votes