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Sexton Sexton (Jan.-Feb. 1968)
Market Simulation: A Few NotesComputer Operations, 2
T. Naylor, J. Finger (1967)
Verification of Computer Simulation ModelsManagement Science, 14
C. Hermann (1967)
Validation problems in games and simulations with special reference to models of international politics.Behavioral science, 12 3
Herman Herman (May 1963)
Validation Problems in Games and Simulations…Behavioral Science, 12
ABSTRACT The purpose of this article is to critically describe when and how one applies simulation to business systems. Throughout, the discussion is based on a realistic example of a grocery checkout counter. The construction of both a deterministic and a stochastic simulation are explained and illustrated. Important topics covered include: the advantages and disadvantages of simulation, the formulation of system simulations, the methods of moving time, the concept and use of random numbers, tests of validity, and the analysis of results.
Decision Sciences – Wiley
Published: Jan 1, 1970
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