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Course Description

In this lesson, you will see that a model-based simulation can be a very powerful decision-making tool. You will describe your decision in terms of KPIs, and look at outcomes in this way, reframing the decision to reflect your goals without sacrificing the benefit of the historical perspective. You will find that a simulation is often about not just one decision, but about several interconnected decisions, and that simulations give you freedom to experiment with decision parameters to find your best outcome.

Benefits to the Learner

  • Examine how a simulation can be built on top of a probability-based model to identify a best decision given our projected outcomes
  • Generate uniform random variables and incorporate them in a simulation
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Type
self-paced (non-instructor led)
Dates
Feb 19, 2019 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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