Discussion 3

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Discussion3.docx

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.