The Bailey Prospect[1] It is Thursday‚ May 18‚ 1988. Your assignment is to help Sprigg Lane Natural Resources evaluate the risks associated with a potential investment in the "Bailey Prospect‚" a natural gas opportunity in Doddridge County‚ West Virginia. Your colleague‚ Lisa Weatherford has done a thorough base-case analysis and constructed a spreadsheet model that you can use in your analysis. You and Lisa are financial analysts at Sprigg Lane Investment Corporation. Background Sprigg
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..................................................................................................................................................... Using Simulation-Based Training to Enhance Management Education EDUARDO SALAS JESSICA L. WILDMAN University of Central Florida RONALD F. PICCOLO Rollins College We suggest that simulation-based training (SBT) offers many advantages as an approach for management education‚ and in an effort to guide and encourage its appropriate use‚ we provide several
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ICS 2307 SIMULATION AND MODELLING Course Outline Systems modelling – discrete event simulation Design of simulation experiments simulation Language probability and distribution theory Statistical estimation‚ inference and random number generators Sample event sequences for random number generation Translation of models for simulation application References Simulation modelling and analysis Introduction Computers can be used to imitate (simulate) the operations of various kinds of real
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Littlefield Technologies Simulation Report Team Name Group A Section Operations Management September 2012 Problem Statement Littlefield Technologies is a low volume‚ high margin manufacturer and distributor of digital satellite system receivers. Littlefield Technologies seeks to minimize production costs and sell at the highest price the market will allow‚ with the end result of maximizing profit‚ or value for shareholders. In order to be successful they
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Simulation Lab Group #5 Dynamic Systems 1‚ ME3211 David Cramer Percentage of Work_______________________________________ Cory Spelman Percentage of Work_______________________________________ Table of Contents Objective Calculations Experimentation Results Appendices Objective The objective of this lab was to understand how to use the Working Model 2D software and to apply this knowledge to create a vibration absorber. Part 1 was to open up a demo file and analyze the force vs
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Overview Our company Orange experienced a very successful campaign and grew more profitable over the six quarters throughtout the Market Simulation. In terms of market share in comparison to the competition‚ we placed fourth holding 12 percent market share. We initially targeted the Mercedes market‚ and later developed products aimed at the Traveler and Workhorse clientele. In terms of profitability‚ we suffered a loss moving from Quarter 1 to Quarter 2‚ which is typical of most early-stage companies
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EP313 Chemical Process Simulation and Design L1 - Introduction 10/1/2014 Process modeling: Concept 1 Identification: our objective is to find structure‚ R of the process. We must know the input‚ I and output‚ O parameters. I R? O 10/1/2014 Process modeling: Concept 2 Simulation: our objective is to get the value of O. We know the structure of the model‚ R and we can simulate what the output‚ O for the given input‚ I. I R O? 10/1/2014 Process modeling
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SIMULATION OPTIMIZATION: APPLICATIONS IN RISK MANAGEMENT[1] MARCO BETTER AND FRED GLOVER OptTek Systems‚ Inc.‚ 2241 17th Street‚ Boulder‚ Colorado 80302‚ USA {better‚ glover}@opttek.com GARY KOCHENBERGER University of Colorado Denver 1250 14th Street‚ Suite 215 Denver‚ Colorado 80202‚ USA Gary.kochenberger@cudenver.edu HAIBO WANG Texas A&M International University Laredo‚ TX 78041‚ USA hwang@tamiu.edu Simulation Optimization is providing solutions to
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used in civil engineering) to assess the particle size distribution (also called gradation) of a granular material. The size distribution is often of critical importance to the way the material performs in use. A sieve analysis can be performed on any type of non-organic or organic granular materials including sands‚ crushed rock‚ clays‚ granite‚ feldspars‚ coal‚ soil‚ a wide range of manufactured powders‚ grain and seeds‚ down to a minimum size depending on the exact method. Being such a simple
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Marketing Simulation: Managing Segments and Customers Prepare Tab Video Transcripts How to Play Video and Initial Customer Interview Videos “How to Play” Audio Script In this simulation‚ you are the newly appointed CEO for Minnesota Micromotors‚ a medical motors device manufacturer. You must determine the company’s overall marketing strategy and make critical decisions around Minnesota Micromotors positioning relative to ever-changing market segment needs and behaviors. These include setting the
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