Simulation Modeling Using Risk

This text and software show students how to solve complex business problems with Monte Carlo. It deals with queueing simulation using spreadsheets and the add-in @Risk. The package contains a variety of simulation applications, which deal with: how to simulate fair market value of a derivative; how to use simulation to aid competitive bidding; how advertising and promotions can influence market share; and how to simulate returns on investment portfolios involving stocks, options, futures and bonds. The work explains simulation concepts and contains step-by-step instructions for Excel, Lotus and @Risk softwares. The software includes a demonstration version of @Risk for each of the example models in the book with the limited ability to run the homework problems (this requires Excel 5.0 for Windows or Lotus 1-2-3 for Windows).