This blog discusses the applications of Monte-Carlo simulation methods by modeling real-world situations, explaining those using well known and often researched statistical distributions such as the Poisson distribution and then applying optimization models to solve a variety of business problems thus enabling managers to take decisions by moving beyond the usual methods and what-if scenario analysis.
Very often…
ContinueAdded by Debleena Roy on September 5, 2014 at 5:00pm — No Comments
Posted 1 March 2021
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