-
Notifications
You must be signed in to change notification settings - Fork 1
/
Copy pathpart-3-simulation.html
281 lines (239 loc) · 23.2 KB
/
part-3-simulation.html
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
<!DOCTYPE html>
<html lang="" xml:lang="">
<head>
<meta charset="utf-8" />
<meta http-equiv="X-UA-Compatible" content="IE=edge" />
<title>Part 3 – Simulation | Decision Modeling with Spreadsheets</title>
<meta name="description" content="This is a spreadsheet version of every management science book out there, less all of the detail." />
<meta name="generator" content="bookdown 0.20 and GitBook 2.6.7" />
<meta property="og:title" content="Part 3 – Simulation | Decision Modeling with Spreadsheets" />
<meta property="og:type" content="book" />
<meta property="og:description" content="This is a spreadsheet version of every management science book out there, less all of the detail." />
<meta name="twitter:card" content="summary" />
<meta name="twitter:title" content="Part 3 – Simulation | Decision Modeling with Spreadsheets" />
<meta name="twitter:description" content="This is a spreadsheet version of every management science book out there, less all of the detail." />
<meta name="author" content="William G. Foote" />
<meta name="viewport" content="width=device-width, initial-scale=1" />
<meta name="apple-mobile-web-app-capable" content="yes" />
<meta name="apple-mobile-web-app-status-bar-style" content="black" />
<link rel="prev" href="case-pricing-production-at-make-a-pie.html"/>
<link rel="next" href="waiting-for-the-simulation.html"/>
<script src="libs/jquery-2.2.3/jquery.min.js"></script>
<link href="libs/gitbook-2.6.7/css/style.css" rel="stylesheet" />
<link href="libs/gitbook-2.6.7/css/plugin-table.css" rel="stylesheet" />
<link href="libs/gitbook-2.6.7/css/plugin-bookdown.css" rel="stylesheet" />
<link href="libs/gitbook-2.6.7/css/plugin-highlight.css" rel="stylesheet" />
<link href="libs/gitbook-2.6.7/css/plugin-search.css" rel="stylesheet" />
<link href="libs/gitbook-2.6.7/css/plugin-fontsettings.css" rel="stylesheet" />
<link href="libs/gitbook-2.6.7/css/plugin-clipboard.css" rel="stylesheet" />
<link rel="stylesheet" href="style.css" type="text/css" />
</head>
<body>
<div class="book without-animation with-summary font-size-2 font-family-1" data-basepath=".">
<div class="book-summary">
<nav role="navigation">
<ul class="summary">
<li><a href="./">Decision Modeling with Spreadsheets</a></li>
<li class="divider"></li>
<li class="chapter" data-level="" data-path="index.html"><a href="index.html"><i class="fa fa-check"></i>Prerequisites</a></li>
<li class="chapter" data-level="" data-path="part-1-spreadsheet-engineering.html"><a href="part-1-spreadsheet-engineering.html"><i class="fa fa-check"></i>Part 1 – Spreadsheet Engineering</a></li>
<li class="chapter" data-level="1" data-path="spreadsheet1.html"><a href="spreadsheet1.html"><i class="fa fa-check"></i><b>1</b> Tortuous Pie-making in the Sky</a><ul>
<li class="chapter" data-level="1.1" data-path="spreadsheet1.html"><a href="spreadsheet1.html#spreadsheets-really"><i class="fa fa-check"></i><b>1.1</b> Spreadsheets? Really?</a></li>
<li class="chapter" data-level="1.2" data-path="spreadsheet1.html"><a href="spreadsheet1.html#questions-questions"><i class="fa fa-check"></i><b>1.2</b> Questions, questions</a></li>
<li class="chapter" data-level="1.3" data-path="spreadsheet1.html"><a href="spreadsheet1.html#count-the-errors-of-our-ways"><i class="fa fa-check"></i><b>1.3</b> Count the errors of our ways</a></li>
<li class="chapter" data-level="1.4" data-path="spreadsheet1.html"><a href="spreadsheet1.html#prevailing-recommended-practices"><i class="fa fa-check"></i><b>1.4</b> Prevailing recommended practices</a><ul>
<li class="chapter" data-level="1.4.1" data-path="spreadsheet1.html"><a href="spreadsheet1.html#do-not-ever-do-this"><i class="fa fa-check"></i><b>1.4.1</b> Do not ever do this</a></li>
<li class="chapter" data-level="1.4.2" data-path="spreadsheet1.html"><a href="spreadsheet1.html#instead-practice-these"><i class="fa fa-check"></i><b>1.4.2</b> Instead practice these</a></li>
</ul></li>
<li class="chapter" data-level="1.5" data-path="spreadsheet1.html"><a href="spreadsheet1.html#pie-in-the-sky"><i class="fa fa-check"></i><b>1.5</b> Pie-in-the-Sky</a></li>
<li class="chapter" data-level="1.6" data-path="spreadsheet1.html"><a href="spreadsheet1.html#wheres-the-paper-and-pencils"><i class="fa fa-check"></i><b>1.6</b> Where’s the paper and pencils?</a></li>
<li class="chapter" data-level="1.7" data-path="spreadsheet1.html"><a href="spreadsheet1.html#cost-and-volume"><i class="fa fa-check"></i><b>1.7</b> Cost and volume</a></li>
<li class="chapter" data-level="1.8" data-path="spreadsheet1.html"><a href="spreadsheet1.html#demand-analysis"><i class="fa fa-check"></i><b>1.8</b> Demand analysis</a></li>
<li class="chapter" data-level="1.9" data-path="spreadsheet1.html"><a href="spreadsheet1.html#weekly-profit"><i class="fa fa-check"></i><b>1.9</b> Weekly profit</a></li>
<li class="chapter" data-level="1.10" data-path="spreadsheet1.html"><a href="spreadsheet1.html#profit-sensitivity-to-price"><i class="fa fa-check"></i><b>1.10</b> Profit sensitivity to price</a></li>
<li class="chapter" data-level="1.11" data-path="spreadsheet1.html"><a href="spreadsheet1.html#lo-and-behold"><i class="fa fa-check"></i><b>1.11</b> Lo and behold</a></li>
<li class="chapter" data-level="1.12" data-path="spreadsheet1.html"><a href="spreadsheet1.html#references-and-endnotes"><i class="fa fa-check"></i><b>1.12</b> References and endnotes</a></li>
</ul></li>
<li class="chapter" data-level="2" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html"><i class="fa fa-check"></i><b>2</b> Chaotic Pie-making in the Sky"</a><ul>
<li class="chapter" data-level="2.1" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#how-many"><i class="fa fa-check"></i><b>2.1</b> How many?</a></li>
<li class="chapter" data-level="2.2" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#whats-new"><i class="fa fa-check"></i><b>2.2</b> What’s new?</a><ul>
<li class="chapter" data-level="2.2.1" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#the-costs-they-are-a-changing"><i class="fa fa-check"></i><b>2.2.1</b> The costs they are a-changing</a></li>
<li class="chapter" data-level="2.2.2" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#demand-takes-a-step-back"><i class="fa fa-check"></i><b>2.2.2</b> Demand takes a step back</a></li>
<li class="chapter" data-level="2.2.3" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#a-new-profit-dawning"><i class="fa fa-check"></i><b>2.2.3</b> A new profit dawning</a></li>
</ul></li>
<li class="chapter" data-level="2.3" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#an-algebra-of-pie"><i class="fa fa-check"></i><b>2.3</b> An algebra of pie</a><ul>
<li class="chapter" data-level="2.3.1" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#a-little-lite-algebra"><i class="fa fa-check"></i><b>2.3.1</b> A little lite algebra</a></li>
<li class="chapter" data-level="2.3.2" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#pvs-last-stand"><i class="fa fa-check"></i><b>2.3.2</b> PV’s last stand</a></li>
<li class="chapter" data-level="2.3.3" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#the-model-in-the-mist"><i class="fa fa-check"></i><b>2.3.3</b> The model in the mist</a></li>
<li class="chapter" data-level="2.3.4" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#how-sensitive"><i class="fa fa-check"></i><b>2.3.4</b> How sensitive?</a></li>
<li class="chapter" data-level="2.3.5" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#one-way-or-the-other"><i class="fa fa-check"></i><b>2.3.5</b> One way or the other</a></li>
</ul></li>
<li class="chapter" data-level="2.4" data-path="chaotic-pie-making-in-the-sky.html"><a href="chaotic-pie-making-in-the-sky.html#lo-and-behold-yet-again"><i class="fa fa-check"></i><b>2.4</b> Lo and behold yet again</a></li>
<li class="chapter" data-level="2.5" data-path="spreadsheet1.html"><a href="spreadsheet1.html#references-and-endnotes"><i class="fa fa-check"></i><b>2.5</b> References and endnotes</a></li>
</ul></li>
<li class="chapter" data-level="3" data-path="case-salmerón-solar-systems-llc.html"><a href="case-salmerón-solar-systems-llc.html"><i class="fa fa-check"></i><b>3</b> Case: Salmerón Solar Systems LLC</a><ul>
<li class="chapter" data-level="3.1" data-path="case-salmerón-solar-systems-llc.html"><a href="case-salmerón-solar-systems-llc.html#photovoltaic-systems"><i class="fa fa-check"></i><b>3.1</b> Photovoltaic systems</a></li>
<li class="chapter" data-level="3.2" data-path="case-salmerón-solar-systems-llc.html"><a href="case-salmerón-solar-systems-llc.html#the-particulars"><i class="fa fa-check"></i><b>3.2</b> The particulars</a></li>
<li class="chapter" data-level="3.3" data-path="case-salmerón-solar-systems-llc.html"><a href="case-salmerón-solar-systems-llc.html#some-definitions-are-in-order"><i class="fa fa-check"></i><b>3.3</b> Some definitions are in order</a></li>
<li class="chapter" data-level="3.4" data-path="case-salmerón-solar-systems-llc.html"><a href="case-salmerón-solar-systems-llc.html#requirements"><i class="fa fa-check"></i><b>3.4</b> Requirements</a></li>
</ul></li>
<li class="chapter" data-level="" data-path="part-2-optimization.html"><a href="part-2-optimization.html"><i class="fa fa-check"></i>Part 2 – Optimization</a></li>
<li class="chapter" data-level="4" data-path="bringing-pie-to-earth.html"><a href="bringing-pie-to-earth.html"><i class="fa fa-check"></i><b>4</b> Bringing Pie to Earth</a><ul>
<li class="chapter" data-level="4.1" data-path="bringing-pie-to-earth.html"><a href="bringing-pie-to-earth.html#it-all-started-here"><i class="fa fa-check"></i><b>4.1</b> It all started here</a></li>
<li class="chapter" data-level="4.2" data-path="bringing-pie-to-earth.html"><a href="bringing-pie-to-earth.html#from-humble-beginnings"><i class="fa fa-check"></i><b>4.2</b> From humble beginnings</a><ul>
<li class="chapter" data-level="4.2.1" data-path="bringing-pie-to-earth.html"><a href="bringing-pie-to-earth.html#decisions-decisions"><i class="fa fa-check"></i><b>4.2.1</b> 1. Decisions, decisions</a></li>
<li class="chapter" data-level="4.2.2" data-path="bringing-pie-to-earth.html"><a href="bringing-pie-to-earth.html#resources-they-are-aconstraining"><i class="fa fa-check"></i><b>4.2.2</b> 2. Resources they are a’constraining</a></li>
<li class="chapter" data-level="4.2.3" data-path="bringing-pie-to-earth.html"><a href="bringing-pie-to-earth.html#not-without-constraint"><i class="fa fa-check"></i><b>4.2.3</b> 3. Not without constraint</a></li>
<li class="chapter" data-level="4.2.4" data-path="bringing-pie-to-earth.html"><a href="bringing-pie-to-earth.html#let-us-eat-pie"><i class="fa fa-check"></i><b>4.2.4</b> Let us eat pie</a></li>
</ul></li>
<li class="chapter" data-level="4.3" data-path="bringing-pie-to-earth.html"><a href="bringing-pie-to-earth.html#an-easier-way"><i class="fa fa-check"></i><b>4.3</b> An easier way?</a></li>
</ul></li>
<li class="chapter" data-level="5" data-path="expanding-horizons.html"><a href="expanding-horizons.html"><i class="fa fa-check"></i><b>5</b> Expanding horizons</a><ul>
<li class="chapter" data-level="5.1" data-path="expanding-horizons.html"><a href="expanding-horizons.html#didos-bullhide"><i class="fa fa-check"></i><b>5.1</b> Dido’s bullhide</a></li>
<li class="chapter" data-level="5.2" data-path="expanding-horizons.html"><a href="expanding-horizons.html#making-dough"><i class="fa fa-check"></i><b>5.2</b> Making dough</a><ul>
<li class="chapter" data-level="5.2.1" data-path="expanding-horizons.html"><a href="expanding-horizons.html#model-me-an-eoq"><i class="fa fa-check"></i><b>5.2.1</b> Model me an EOQ</a></li>
<li class="chapter" data-level="5.2.2" data-path="expanding-horizons.html"><a href="expanding-horizons.html#implementing-the-simple-eoq"><i class="fa fa-check"></i><b>5.2.2</b> Implementing the simple EOQ</a></li>
<li class="chapter" data-level="5.2.3" data-path="expanding-horizons.html"><a href="expanding-horizons.html#life-constrains-our-simple-model"><i class="fa fa-check"></i><b>5.2.3</b> Life constrains our simple model</a></li>
</ul></li>
<li class="chapter" data-level="5.3" data-path="expanding-horizons.html"><a href="expanding-horizons.html#back-to-the-future"><i class="fa fa-check"></i><b>5.3</b> Back to the future</a><ul>
<li class="chapter" data-level="5.3.1" data-path="expanding-horizons.html"><a href="expanding-horizons.html#bottom-line-up-front"><i class="fa fa-check"></i><b>5.3.1</b> Bottom line up front</a></li>
<li class="chapter" data-level="5.3.2" data-path="expanding-horizons.html"><a href="expanding-horizons.html#tighter-and-tighter"><i class="fa fa-check"></i><b>5.3.2</b> Tighter, and tighter</a></li>
<li class="chapter" data-level="5.3.3" data-path="expanding-horizons.html"><a href="expanding-horizons.html#implementing-the-model"><i class="fa fa-check"></i><b>5.3.3</b> Implementing the model</a></li>
<li class="chapter" data-level="5.3.4" data-path="expanding-horizons.html"><a href="expanding-horizons.html#a-revised-rendering"><i class="fa fa-check"></i><b>5.3.4</b> A revised rendering</a></li>
</ul></li>
<li class="chapter" data-level="5.4" data-path="expanding-horizons.html"><a href="expanding-horizons.html#next-steps"><i class="fa fa-check"></i><b>5.4</b> Next steps?</a></li>
<li class="chapter" data-level="5.5" data-path="spreadsheet1.html"><a href="spreadsheet1.html#references-and-endnotes"><i class="fa fa-check"></i><b>5.5</b> References and endnotes</a></li>
</ul></li>
<li class="chapter" data-level="6" data-path="case-pricing-production-at-make-a-pie.html"><a href="case-pricing-production-at-make-a-pie.html"><i class="fa fa-check"></i><b>6</b> Case: Pricing Production at Make-A-Pie</a><ul>
<li class="chapter" data-level="6.1" data-path="case-pricing-production-at-make-a-pie.html"><a href="case-pricing-production-at-make-a-pie.html#front-matter"><i class="fa fa-check"></i><b>6.1</b> Front matter</a></li>
</ul></li>
<li class="chapter" data-level="" data-path="part-3-simulation.html"><a href="part-3-simulation.html"><i class="fa fa-check"></i>Part 3 – Simulation</a></li>
<li class="chapter" data-level="7" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html"><i class="fa fa-check"></i><b>7</b> Waiting for the Simulation</a><ul>
<li class="chapter" data-level="7.1" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html#a-story-of-chance"><i class="fa fa-check"></i><b>7.1</b> A story of chance</a></li>
<li class="chapter" data-level="7.2" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html#a-piece-of-pie-please"><i class="fa fa-check"></i><b>7.2</b> A piece of pie, please</a></li>
<li class="chapter" data-level="7.3" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html#a-brief-interlude-with-cholesky"><i class="fa fa-check"></i><b>7.3</b> A brief interlude with Cholesky</a></li>
<li class="chapter" data-level="7.4" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html#solution"><i class="fa fa-check"></i><b>7.4</b> Solution</a></li>
<li class="chapter" data-level="7.5" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html#now-we-can-simulate"><i class="fa fa-check"></i><b>7.5</b> Now we can simulate</a><ul>
<li class="chapter" data-level="7.5.1" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html#excel-or-bust"><i class="fa fa-check"></i><b>7.5.1</b> Excel or bust!</a></li>
</ul></li>
<li class="chapter" data-level="7.6" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html#back-to-the-eatery-robot"><i class="fa fa-check"></i><b>7.6</b> Back to the eatery robot</a><ul>
<li class="chapter" data-level="7.6.1" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html#the-main-course"><i class="fa fa-check"></i><b>7.6.1</b> The main course</a></li>
<li class="chapter" data-level="7.6.2" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html#exploring-wait-times"><i class="fa fa-check"></i><b>7.6.2</b> Exploring wait times</a></li>
</ul></li>
<li class="chapter" data-level="7.7" data-path="waiting-for-the-simulation.html"><a href="waiting-for-the-simulation.html#any-next-steps"><i class="fa fa-check"></i><b>7.7</b> Any next steps?</a></li>
<li class="chapter" data-level="7.8" data-path="spreadsheet1.html"><a href="spreadsheet1.html#references-and-endnotes"><i class="fa fa-check"></i><b>7.8</b> References and endnotes</a></li>
</ul></li>
<li class="chapter" data-level="8" data-path="the-outer-limits.html"><a href="the-outer-limits.html"><i class="fa fa-check"></i><b>8</b> The Outer Limits</a><ul>
<li class="chapter" data-level="8.1" data-path="the-outer-limits.html"><a href="the-outer-limits.html#tales-of-tails"><i class="fa fa-check"></i><b>8.1</b> Tales of tails</a></li>
<li class="chapter" data-level="8.2" data-path="the-outer-limits.html"><a href="the-outer-limits.html#it-always-starts-with-data"><i class="fa fa-check"></i><b>8.2</b> It always starts with data</a></li>
<li class="chapter" data-level="8.3" data-path="the-outer-limits.html"><a href="the-outer-limits.html#a-distribution-to-remember"><i class="fa fa-check"></i><b>8.3</b> A distribution to remember</a></li>
<li class="chapter" data-level="8.4" data-path="the-outer-limits.html"><a href="the-outer-limits.html#what-does-it-all-mean-so-far"><i class="fa fa-check"></i><b>8.4</b> What does it all mean, so far?</a></li>
<li class="chapter" data-level="8.5" data-path="the-outer-limits.html"><a href="the-outer-limits.html#the-joints-ajumpin"><i class="fa fa-check"></i><b>8.5</b> The joint’s ajumpin’</a></li>
<li class="chapter" data-level="8.6" data-path="the-outer-limits.html"><a href="the-outer-limits.html#a-sinking-feeling"><i class="fa fa-check"></i><b>8.6</b> A sinking feeling?</a></li>
<li class="chapter" data-level="8.7" data-path="the-outer-limits.html"><a href="the-outer-limits.html#simuluate-and-stimulate"><i class="fa fa-check"></i><b>8.7</b> Simuluate and stimulate</a></li>
<li class="chapter" data-level="8.8" data-path="the-outer-limits.html"><a href="the-outer-limits.html#finally-exhaustively-where-are-the-results"><i class="fa fa-check"></i><b>8.8</b> Finally, exhaustively, where are the results?</a></li>
<li class="chapter" data-level="8.9" data-path="spreadsheet1.html"><a href="spreadsheet1.html#references-and-endnotes"><i class="fa fa-check"></i><b>8.9</b> References and endnotes</a></li>
</ul></li>
<li class="chapter" data-level="9" data-path="case-forecasting-workers-compensation-claims.html"><a href="case-forecasting-workers-compensation-claims.html"><i class="fa fa-check"></i><b>9</b> Case: Forecasting Workers Compensation Claims</a><ul>
<li class="chapter" data-level="9.1" data-path="case-forecasting-workers-compensation-claims.html"><a href="case-forecasting-workers-compensation-claims.html#some-background"><i class="fa fa-check"></i><b>9.1</b> Some background</a></li>
<li class="chapter" data-level="9.2" data-path="case-forecasting-workers-compensation-claims.html"><a href="case-forecasting-workers-compensation-claims.html#the-ask"><i class="fa fa-check"></i><b>9.2</b> The ask</a></li>
<li class="chapter" data-level="9.3" data-path="case-forecasting-workers-compensation-claims.html"><a href="case-forecasting-workers-compensation-claims.html#some-requirements"><i class="fa fa-check"></i><b>9.3</b> Some requirements</a></li>
</ul></li>
<li class="chapter" data-level="" data-path="references.html"><a href="references.html"><i class="fa fa-check"></i>References</a></li>
<li class="divider"></li>
<li><a href="https://github.com/wgfoote/book-decision-modeling" target="blank">Published with bookdown</a></li>
</ul>
</nav>
</div>
<div class="book-body">
<div class="body-inner">
<div class="book-header" role="navigation">
<h1>
<i class="fa fa-circle-o-notch fa-spin"></i><a href="./">Decision Modeling with Spreadsheets</a>
</h1>
</div>
<div class="page-wrapper" tabindex="-1" role="main">
<div class="page-inner">
<section class="normal" id="section-">
<div id="part-3-simulation" class="section level1 unnumbered">
<h1>Part 3 – Simulation</h1>
<p>Getting our arms around</p>
<ul>
<li><p>Developing a waiting time archetypal model to answer specific business questions</p></li>
<li><p>Simulating correlated variates</p></li>
<li><p>Applying variates to the waiting time model</p></li>
<li><p>Collecting data relevant to the decision framework inherent to the simulation model</p></li>
<li><p>Exploring simulated data</p></li>
<li><p>Analyzing sensitivity of results with respect to changes in in key decision parameters</p></li>
</ul>
</div>
</section>
</div>
</div>
</div>
<a href="case-pricing-production-at-make-a-pie.html" class="navigation navigation-prev " aria-label="Previous page"><i class="fa fa-angle-left"></i></a>
<a href="waiting-for-the-simulation.html" class="navigation navigation-next " aria-label="Next page"><i class="fa fa-angle-right"></i></a>
</div>
</div>
<script src="libs/gitbook-2.6.7/js/app.min.js"></script>
<script src="libs/gitbook-2.6.7/js/lunr.js"></script>
<script src="libs/gitbook-2.6.7/js/clipboard.min.js"></script>
<script src="libs/gitbook-2.6.7/js/plugin-search.js"></script>
<script src="libs/gitbook-2.6.7/js/plugin-sharing.js"></script>
<script src="libs/gitbook-2.6.7/js/plugin-fontsettings.js"></script>
<script src="libs/gitbook-2.6.7/js/plugin-bookdown.js"></script>
<script src="libs/gitbook-2.6.7/js/jquery.highlight.js"></script>
<script src="libs/gitbook-2.6.7/js/plugin-clipboard.js"></script>
<script>
gitbook.require(["gitbook"], function(gitbook) {
gitbook.start({
"sharing": {
"github": false,
"facebook": true,
"twitter": true,
"linkedin": false,
"weibo": false,
"instapaper": false,
"vk": false,
"all": ["facebook", "twitter", "linkedin", "weibo", "instapaper"]
},
"fontsettings": {
"theme": "white",
"family": "sans",
"size": 2
},
"edit": {
"link": null,
"text": null
},
"history": {
"link": null,
"text": null
},
"view": {
"link": null,
"text": null
},
"download": ["book-decision.pdf", "book-decision.epub"],
"toc": {
"collapse": "subsection"
}
});
});
</script>
<!-- dynamically load mathjax for compatibility with self-contained -->
<script>
(function () {
var script = document.createElement("script");
script.type = "text/javascript";
var src = "true";
if (src === "" || src === "true") src = "https://mathjax.rstudio.com/latest/MathJax.js?config=TeX-MML-AM_CHTML";
if (location.protocol !== "file:")
if (/^https?:/.test(src))
src = src.replace(/^https?:/, '');
script.src = src;
document.getElementsByTagName("head")[0].appendChild(script);
})();
</script>
</body>
</html>