Skip to main content
  • Textbook
  • © 2021

Foundations and Methods of Stochastic Simulation

A First Course

  • Contains a modern treatment of simulation optimization
  • Provides specific training in modelling, programming and analysis using Python
  • Examines mathematical and statistical foundations of stochastic simulation

Part of the book series: International Series in Operations Research & Management Science (ISOR, volume 316)

Buy it now

Buying options

eBook USD 69.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 89.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 119.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

This is a preview of subscription content, log in via an institution to check for access.

Table of contents (10 chapters)

  1. Front Matter

    Pages i-xvi
  2. Why Do We Simulate?

    • Barry L. Nelson, Linda Pei
    Pages 1-6
  3. Simulation Programming: Quick Start

    • Barry L. Nelson, Linda Pei
    Pages 7-19
  4. Examples

    • Barry L. Nelson, Linda Pei
    Pages 21-32
  5. Simulation Programming with PythonSim

    • Barry L. Nelson, Linda Pei
    Pages 33-87
  6. Three Views of Simulation

    • Barry L. Nelson, Linda Pei
    Pages 89-118
  7. Simulation Input

    • Barry L. Nelson, Linda Pei
    Pages 119-178
  8. Simulation Output

    • Barry L. Nelson, Linda Pei
    Pages 179-197
  9. Experiment Design and Analysis

    • Barry L. Nelson, Linda Pei
    Pages 199-229
  10. Simulation Optimization and Sensitivity

    • Barry L. Nelson, Linda Pei
    Pages 231-285
  11. Simulation for Research

    • Barry L. Nelson, Linda Pei
    Pages 287-298
  12. Back Matter

    Pages 299-313

About this book

This graduate-level textbook covers modelling, programming and analysis of stochastic computer simulation experiments, including the mathematical and statistical foundations of simulation and why it works. The book is rigorous and complete, but concise and accessible, providing all necessary background material. Object-oriented programming of simulations is illustrated in Python, while the majority of the book is programming language independent. In addition to covering the foundations of simulation and simulation programming for applications, the text prepares readers to use simulation in their research. A solutions manual for end-of-chapter exercises is available for instructors.

Authors and Affiliations

  • Department of Industrial Engineering and Management Sciences, Northwestern University, Evanston, USA

    Barry L. Nelson, Linda Pei

About the authors

Barry L. Nelson is the Walter P. Murphy Professor in the Department of Industrial Engineering and Management Sciences at Northwestern University, US. His research expertise is in the design and analysis of computer simulation experiments on models of stochastic systems, focusing particularly on statistical efficiency and simulation optimization. His application domains include computer-performance modelling, manufacturing systems, financial engineering and transportation. He is a Fellow of INFORMS and IISE. 

Linda Pei is a senior Ph.D. student in the Department of Industrial Engineering and Management Sciences at Northwestern University, US. Her research interests are simulation optimization and data science. She designed and developed Python programs for large-scale parallel simulation optimization and was named the Outstanding Teaching Assistant in the department.

Bibliographic Information

Buy it now

Buying options

eBook USD 69.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 89.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 119.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access