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Digital Library

of the European Council for Modelling and Simulation

 

Title:

Integrating Monte Carlo Simulation With Other Spreadsheet-Based Modelling Methods To Teach Management Science

Authors:

Bo┼╝ena Mielczarek, Jacek Zabawa

Published in:

 

(2011).ECMS 2011 Proceedings edited by: T. Burczynski, J. Kolodziej, A. Byrski, M. Carvalho. European Council for Modeling and Simulation. doi:10.7148/2011 

 

ISBN: 978-0-9564944-2-9

 

25th European Conference on Modelling and Simulation,

Jubilee Conference

Krakow, June 7-10, 2011

 

Citation format:

Mielczarek, B., & Zabawa, J. (2011). Integrating Monte Carlo Simulation With Other Spreadsheet-Based Modelling Methods To Teach Management Science. ECMS 2011 Proceedings edited by: T. Burczynski, J. Kolodziej, A. Byrski, M. Carvalho (pp. 348-354). European Council for Modeling and Simulation. doi:10.7148/2011-0348-0354

DOI:

http://dx.doi.org/10.7148/2011-0348-0354

Abstract:

The article presents three spreadsheet models, which integrate Monte Carlo approach with other decision support techniques, namely: forecasting methods, queuing theory and optimization. The authors indicate the most important reasons to introduce Monte Carlo approach into teaching process of simulation and spreadsheet engineering to undergraduate and graduate business students. The article concludes with the description of the basic exemplary structure of simulation modelling laboratory course.

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