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Tag Archives: Monte Carlo analysis
Discrete-Event Simulations and Monte Carlo Techniques
“It was smooth sailing” vs. “I hit every stinkin’ red light today!” Think about all the factors that might affect how long it takes you to drive in to work every day. What are the factors that might affect your … Continue reading
Posted in Simulation
Tagged data collection, discrete-event simulation, Monte Carlo analysis
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Data Collection: Characterizing a Process
Having discussed the process of discovery yesterday I wanted to go into detail about data collection today. While discovery identifies the nouns and verbs of a process, data collection identifies the adjectives and adverbs. I’ve listed a bunch of ways … Continue reading
Posted in Tools and methods
Tagged business analysis, data collection, Monte Carlo analysis
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