Businesses face a difficult problem in allocating scarce resources under conditions of uncertainty. Far too often in practice, optimization models are built assuming, implicitly, that the data or ...

Abstract: Deploying simulation models to “business consumers” is now easier than ever. Analytic Solver® software offers a simple, point-and-click way to create and test analytic models using your web ...

Abstract: Nested simulation refers to the problem of estimating a functional of a conditional expectation that cannot be evaluated analytically and requires simulation. It finds a wide range of ...