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Introduction to Business Analytics Using Simulation

Autor Jonathan P. Pinder
en Limba Engleză Paperback – 12 iul 2022
Introduction to Business Analytics Using Simulation, Second Edition employs an innovative strategy to teach business analytics. The book uses simulation modeling and analysis as mechanisms to introduce and link predictive and prescriptive modeling. Because managers can't fully assess what will happen in the future, but must still make decisions, the book treats uncertainty as an essential element in decision-making. Its use of simulation gives readers a superior way of analyzing past data, understanding an uncertain future, and optimizing results to select the best decision. With its focus on uncertainty and variability, this book provides a comprehensive foundation for business analytics.
Students will gain a better understanding of fundamental statistical concepts that are essential to marketing research, Six-Sigma, financial analysis, and business analytics.


  • Teaches managers how they can use business analytics to formulate and solve business problems to enhance managerial decision-making
  • Explains the processes needed to develop, report and analyze business data
  • Describes how to use and apply business analytics software
  • Offers expanded coverage on the value and application of prescriptive analytics
  • Includes a wealth of illustrative exercises that are newly organized by difficulty level
  • Winner of the 2017 Textbook and Academic Authors Association's (TAA) Most Promising New Textbook Award in the prior edition
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Specificații

ISBN-13: 9780323917179
ISBN-10: 0323917178
Pagini: 512
Dimensiuni: 191 x 235 x 33 mm
Greutate: 1.05 kg
Ediția:2
Editura: ELSEVIER SCIENCE

Public țintă

Upper-level undergraduates and graduate students in business decision-making and business analytics; Professionals working in finance and business globally. Secondary audience: Professionals working in finance and business globally

Cuprins

1. Business Analytics is Making Decisions
2. Decision Trees
3. Decision-Making and Simulation
4. Probability: Measuring Uncertainty
5. Subjective Probability Distributions
6. Empirical Probability Distributions
7. Theoretical Probability Distributions
8. Simulation Accuracy: Central Limit Theorem and Sampling
9. Simulation Fit and Significance: Chi-Square and ANOVA
10. Regression
11. Forecasting
12. Constrained Linear Optimization


Descriere

Introduction to Business Analytics Using Simulation, Second Edition employs an innovative strategy to teach business analytics. The book uses simulation modeling and analysis as mechanisms to introduce and link predictive and prescriptive modeling. Because managers can't fully assess what will happen in the future, but must still make decisions, the book treats uncertainty as an essential element in decision-making. Its use of simulation gives readers a superior way of analyzing past data, understanding an uncertain future, and optimizing results to select the best decision. With its focus on uncertainty and variability, this book provides a comprehensive foundation for business analytics.
Students will gain a better understanding of fundamental statistical concepts that are essential to marketing research, Six-Sigma, financial analysis, and business analytics.

  • Teaches managers how they can use business analytics to formulate and solve business problems to enhance managerial decision-making
  • Explains the processes needed to develop, report and analyze business data
  • Describes how to use and apply business analytics software
  • Offers expanded coverage on the value and application of prescriptive analytics
  • Includes a wealth of illustrative exercises that are newly organized by difficulty level
  • Winner of the 2017 Textbook and Academic Authors Association's (TAA) Most Promising New Textbook Award in the prior edition

 

 

 


Recenzii

"This book provides a novel, intuitive approach to teaching uncertainty and simulation modeling that should appeal to a wide variety of management science, analytics, and statistics professors."--Wayne L. Winston, University of Indiana
"Business analytics are and will remain essential in every industry sector. To understand basic concepts and solve complex problems are skills necessary for any economist and engineer, among others.  Introduction to Business Analytics using Simulation is the perfect textbook for learning these skills."--Fausto Pedro Garcia Marquez, Universidad de Castilla-La Mancha