Simulation /
"In formulating a stochastic model to describe a real phenomenon, it used to be that one compromised between choosing a model that is a realistic replica of the actual situation and choosing one whose mathematical analysis is tractable. That is, there did not seem to be any payoff in choosing a...
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| Format: | eBook |
| Language: | English |
| Edition: | Fifth edition. |
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | "In formulating a stochastic model to describe a real phenomenon, it used to be that one compromised between choosing a model that is a realistic replica of the actual situation and choosing one whose mathematical analysis is tractable. That is, there did not seem to be any payoff in choosing a model that faithfully conformed to the phenomenon under study if it were not possible to mathematically analyze that model. Similar considerations have led to the concentration on asymptotic or steady-state results as opposed to the more useful ones on transient time. However, the relatively recent advent of fast and inexpensive computational power has opened up another approach--namely, to try to model the phenomenon as faithfully as possible and then to rely on a simulation study to analyze it"-- |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (xii, 310 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 0124159710 (electronic bk.) 9780124159716 (electronic bk.) |