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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

Next steps for simulation modeling

For most of human history, it has been reasonable to expect that when you die, the world will not be significantly different from when you were born. Over the past 300 years, this assumption has become increasingly outdated. This is because technological progress is continuously accelerating. Technological evolution translates into a next-generation product better than the previous one. This product is therefore a more efficient and effective way of developing the next stage of evolutionary progress. It is a positive feedback circuit. In other words, we are using more powerful and faster tools to design and build more powerful and faster tools. Consequently, the rate of progress of an evolutionary process increases exponentially over time, and the benefits such as speed, economy, and overall power also increase exponentially over time. As an evolutionary process becomes more effective and/or efficient, more resources are then used to encourage the...

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