Discussion 3
Discussion 3
Topic-specific Discussion Board
· Go to the Example Model Videos page on the Palisade site ( http://www.palisade.com/examples/ (Links to an external site.) ) and choose an @Risk simulation example video to watch.
· Updates: These videos stopped working on the Palisade site in January 2021. Please use the following links instead:
· Baseball World Series (Links to an external site.)
· Competitor Entry (Links to an external site.)
· Discounted Cash Flows (Links to an external site.)
· E-Commerce Service (Links to an external site.)
· Hotel Booking (Links to an external site.)
· Insurance Claims (Links to an external site.)
· Oil Drilling Schedule (Links to an external site.)
· Portfolio Analysis (Links to an external site.)
· Process Capability and Six Sigma Functions (Links to an external site.)
· Project Analysis (Links to an external site.)
· Stress Analysis (Links to an external site.)
· In your post, describe what the simulation problem is and what @Risk functions are used in the video. Also, provide a brief summary of the simulation results.
· Review one post from one of your peers and comment on potential applications of their reported simulation models and/or @Risk functions.
· Respond to other students' questions/feedback on your post.