Computer Simulation in Management Science

Mike Pidd updates this new edition to focus more attention on system dynamics as a result of increasing interest in this area. Other revisions include an increase in the number of exercises at the end of each chapter, an expansion of the area of the book covering visual interactive modeling systems, strengthening of statistical aspects of the text, and a general overhaul of the original material to bring the references and general tone up to date.

The fifth edition of this book reflects its continued popularity and standing in the field. It provides a clear guide to the role of modelling and the computer simulation methods used in management science. Readers will find an in-depth coverage of the modelling, computing and statistical aspects of discrete simulation and systems dynamics.

Overall the book shows how practical simulation models are built and used, and provides the theory needed to do this. Revisions to this edition include a new chapter on Monte Carlo simulation using spreadsheets, a new look inside discrete simulation software and simulation models in Visual Basic, SIMUL8 and Micro Saint.

Further information can be found at:

http://www.lancs.ac.uk/staff/smamp/mpsim.html

"The 5[superscript th] edition of this book is essential for management science students, MBAs and practitioners in this area. It shows how practical simulation models are built and used, and provides the theory needed to do this - whatever software is used. It covers the modelling methods, computing and statistical requirements for successful simulation and includes: a new chapter on Monte Carlo simulation using spreadsheets; a new look inside discrete simulation software; simulation models in Visual Basic, SIMUL8 and Micro Saint; and system dynamics using Powersim."--Jacket