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Hands-On Simulation Modeling with Python

You're reading from   Hands-On Simulation Modeling with Python Develop simulation models to get accurate results and enhance decision-making processes

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Product type Paperback
Published in Jul 2020
Publisher Packt
ISBN-13 9781838985097
Length 346 pages
Edition 1st Edition
Languages
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Author (1):
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Giuseppe Ciaburro Giuseppe Ciaburro
Author Profile Icon Giuseppe Ciaburro
Giuseppe Ciaburro
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Table of Contents (16) Chapters Close

Preface 1. Section 1: Getting Started with Numerical Simulation
2. Chapter 1: Introducing Simulation Models FREE CHAPTER 3. Chapter 2: Understanding Randomness and Random Numbers 4. Chapter 3: Probability and Data Generation Processes 5. Section 2: Simulation Modeling Algorithms and Techniques
6. Chapter 4: Exploring Monte Carlo Simulations 7. Chapter 5: Simulation-Based Markov Decision Processes 8. Chapter 6: Resampling Methods 9. Chapter 7: Using Simulation to Improve and Optimize Systems 10. Section 3: Real-World Applications
11. Chapter 8: Using Simulation Models for Financial Engineering 12. Chapter 9: Simulating Physical Phenomena Using Neural Networks 13. Chapter 10: Modeling and Simulation for Project Management 14. Chapter 11: What's Next? 15. Other Books You May Enjoy

Introducing project management

To assess the consequences of a strategic or tactical move in advance, companies need reliable predictive systems. Predictive analysis systems are based on data collection and the projection of reliable scenarios in the medium- and long-term. In this way, we can provide indications and guidelines for complex strategies, especially those that must consider numerous factors from different entities.

This allows us to examine the results of the evaluation in a more complete and coordinated way since we can simultaneously consider a range of values and, consequently, a range of possible scenarios. Finally, when managing complex projects, the use of artificial intelligence to interpret data has increased, thus giving these projects meaning. This is because we can perform a sophisticated analysis of the information in order to improve the strategic decision-making process we will undertake. This methodology allows us to search and analyze data from different...

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