Essentials of Monte Carlo Simulation

Statistical Methods for Building Simulation Models

Authors: Thomopoulos, Nick T.

  • ​​​Offers a "fundamentals" approach to developing Monte Carlo computer simulations
  • Illustrates the best ways to select input distributions and parameters with or without sample data
  • Author has published widely in the areas of operations research and statistics 
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eBook 91,62 €
price for Spain (gross)
  • ISBN 978-1-4614-6022-0
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
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  • Immediate eBook download after purchase
Hardcover 114,39 €
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  • ISBN 978-1-4614-6021-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 114,39 €
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  • ISBN 978-1-4899-8608-5
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  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Rent the eBook  
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About this book

Essentials of Monte Carlo Simulation focuses on the fundamentals of Monte Carlo methods using basic computer simulation techniques. The theories presented in this text deal with systems that are too complex to solve analytically. As a result, readers are given a system of interest and constructs using computer code, as well as algorithmic models to emulate how the system works internally. After the models are run several times, in a random sample way, the data for each output variable(s) of interest is analyzed by ordinary statistical methods. This book features 11 comprehensive chapters, and discusses such key topics as random number generators, multivariate random variates, and continuous random variates. Over 100 numerical examples are presented as part of the appendix to illustrate useful real world applications.  The text also contains an easy to read  presentation with minimal use of difficult mathematical concepts.  Very little has been published in the area of computer Monte Carlo simulation methods, and this book will appeal to students and researchers in the fields of Mathematics and Statistics. 

About the authors

Nick T. Thomopoulos is a professor emeritus at the Illinois Institute of Technology. He is the author of six books, including Fundamentals of Queuing Systems (2012). He has more than 100 published papers and presentations to his credit, and for many years, he has consulted in a wide variety of industries in the United States, Europe, and Asia. He has been the recipient of numerous honors, such as the Rist Prize in 1972 from the Military Operations Research Society for new developments in queuing theory, the Distinguished Professor Award in Bangkok, Thailand in 2005 from the IIT Asian Alumni Association, and the Professional Achievement Award in 2009 from the IIT Alumni Association.

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Reviews

...the author notes that the text is intended for users who want to know more about how the Monte Carlo model “does what it does.” He goes on to further describe the book as telling the user how to cope with simulation models that are associated with two or more variables that are correlated and jointly related, that is, are multivariate in nature. The book will also help users who are confronted with a probability distribution that does not comply with those available in the software they are using...I like the fact that the author uses several examples that are fairly easy to follow for the analyst. Problems assigned to each chapter with corresponding solutions are presented in the appendices for the reader to test their knowledge of the material.
Technometrics 56:1 2014


Table of contents (11 chapters)

  • Introduction

    Thomopoulos, Nick T.

    Pages 1-7

    Preview Buy Chapter 30,19 €
  • Random Number Generators

    Thomopoulos, Nick T.

    Pages 9-14

    Preview Buy Chapter 30,19 €
  • Generating Random Variates

    Thomopoulos, Nick T.

    Pages 15-26

    Preview Buy Chapter 30,19 €
  • Generating Continuous Random Variates

    Thomopoulos, Nick T.

    Pages 27-44

    Preview Buy Chapter 30,19 €
  • Generating Discrete Random Variates

    Thomopoulos, Nick T.

    Pages 45-55

    Preview Buy Chapter 30,19 €

Buy this book

eBook 91,62 €
price for Spain (gross)
  • ISBN 978-1-4614-6022-0
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 114,39 €
price for Spain (gross)
  • ISBN 978-1-4614-6021-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 114,39 €
price for Spain (gross)
  • ISBN 978-1-4899-8608-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Rent the eBook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
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Bibliographic Information

Bibliographic Information
Book Title
Essentials of Monte Carlo Simulation
Book Subtitle
Statistical Methods for Building Simulation Models
Authors
Copyright
2013
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4614-6022-0
DOI
10.1007/978-1-4614-6022-0
Hardcover ISBN
978-1-4614-6021-3
Softcover ISBN
978-1-4899-8608-5
Edition Number
1
Number of Pages
XVIII, 174
Topics