9780124158252-0124158250-Simulation

Simulation

ISBN-13: 9780124158252
ISBN-10: 0124158250
Edition: 5
Author: Sheldon M. Ross
Publication date: 2012
Publisher: Academic Press
Format: Hardcover 328 pages
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Book details

ISBN-13: 9780124158252
ISBN-10: 0124158250
Edition: 5
Author: Sheldon M. Ross
Publication date: 2012
Publisher: Academic Press
Format: Hardcover 328 pages

Summary

Acknowledged authors Sheldon M. Ross wrote Simulation comprising 328 pages back in 2012. Textbook and eTextbook are published under ISBN 0124158250 and 9780124158252. Since then Simulation textbook was available to sell back to BooksRun online for the top buyback price of $ 16.73 or rent at the marketplace.

Description

The 5th edition of Ross’s Simulation continues to introduce aspiring and practicing actuaries, engineers, computer scientists and others to the practical aspects of constructing computerized simulation studies to analyze and interpret real phenomena. Readers learn to apply results of these analyses to problems in a wide variety of fields to obtain effective, accurate solutions and make predictions about future outcomes.

This latest edition features all-new material on variance reduction, including control variables and their use in estimating the expected return at blackjack and their relation to regression analysis. Additionally, the 5th edition expands on Markov chain monte carlo methods, and offers unique information on the alias method for generating discrete random variables.

By explaining how a computer can be used to generate random numbers and how to use these random numbers to generate the behavior of a stochastic model over time, Ross’s Simulation, 5th edition presents the statistics needed to analyze simulated data as well as that needed for validating the simulation model.

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