Analyzing Uncertainty: Probability Distributions and Simulation Harvard Case Solution & Analysis

This note presents a simulation tool for the analysis of uncertainty in business decisions. This begins by noting the limited one point or simple evaluation of a number of key uncertainties, thus justifying the need for a risk for any alternative that describes the full range of possible outcomes and their relative likelihood. A simple example involving both discrete and continuous (triangle) distribution is used. Note modeling software independent, although the yield of the crystal ball on the display. "Hide
by Robert I Carraway 13 pages. Publication Date: July 22, 2005. Prod. #: UV1461-PDF-ENG

Share This

SALE SALE

Save Up To

30%

IN ONLINE CASE STUDY

FOR FREE CASES AND PROJECTS INCLUDING EXCITING DEALS PLEASE REGISTER YOURSELF !!

Register now and save up to 30%.