Chapter Outline

Carefully crafted outlines follow the structure of each chapter, providing an essential reference and teaching tool.

See pages 936-958

Operation Profile: Using Simulation to Answer the “What If?” Questions in the Oil Business

            Introduction to Simulation

                        Steps for Using Simulation

                        Advantages and Disadvantages of Simulation

            Monte Carlo Simulation

                        Simulation Using Excel

                        Inventory Simulation

                        Simulation of Waiting Line Systems

                        Module Summary

                        Key Terms

                        Discussion and Review Questions

                        Solved Problem


                        Case Study D.1: Staying Ahead of the Demand for Ice Cream