2024 | OriginalPaper | Chapter
15. Simulation: Principles, Practice, and Examples
Author : Herfried Kohl
Published in: Managing SMEs in Times of Rapid Change, Uncertainty, and Disruption
Publisher: Springer Nature Switzerland
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Key Topics in This Chapter: Mainly Quantitative
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In this section, we will start by discussing the generation of random variables that satisfy specified distributions. Various methods are presented for this purpose.
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Indications are given as to what should be considered when setting up simulation models.
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Most of this chapter is devoted to the practical implementation of simulations. The examples cover a wide spectrum.
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All calculations are described in detail so that they can be easily understood, modified, and implemented by the reader.