Hands-On Simulation Modeling with Python: Develop simulation models to get accurate results and enhance decision-making processes

• Learn to create a digital prototype of a real model using hands-on examples
• Evaluate the performance and output of your prototype using simulation modeling techniques
• Understand various statistical and physical simulations to improve systems using Python

• Gain an overview of the different types of simulation models
• Get to grips with the concepts of randomness and data generation process
• Understand how to work with discrete and continuous distributions
• Work with Monte Carlo simulations to calculate a definite integral
• Find out how to simulate random walks using Markov chains
• Obtain robust estimates of confidence intervals and standard errors of population parameters
• Discover how to use optimization methods in real-life applications
• Run efficient simulations to analyze real-world systems

Hands-On Simulation Modeling with Python is for simulation developers and engineers, model designers, and anyone already familiar with the basic computational methods that are used to study the behavior of systems. This book will help you explore advanced simulation techniques such as Monte Carlo methods, statistical simulations, and much more using Python. Working knowledge of Python programming language is required.